The import of fluorspar containing more than 97% calcium fluoride to Thailand has seen a significant decline over the last decade. From 2013 to 2019, the value dropped from 291.68 thousand USD to 146.01 thousand USD, experiencing fluctuations such as a steep decline in 2015 and a slight recovery by 2017. The downward trend continued from 2020 to 2023, with the value standing at 111.95 thousand USD in 2023. The year-on-year variation for the last two years shows a decrease of 6.55% in 2022 and 6.87% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years reveals an average decline of 7.07% per year from 2018 to 2023.
Future trends to watch for:
- The forecast indicates a continued decline in fluorspar imports, with a negative 5-year CAGR of 7.73%, suggesting a total reduction of 33.11% by 2028.
- Factors such as changes in global demand, improvements in recycling technology, or shifts in industrial practices might further impact these import trends.
