The import of polymers of ethylene to Thailand has shown fluctuating trends over the past decade. From 2013 to 2017, imports generally declined, hitting a low in 2017. However, 2018 saw a significant recovery with a 20.67% year-on-year increase. Despite a slight dip in 2019 and a more substantial drop in 2020, the import values rebounded again in 2021 and 2022. As of 2023, the import value stood at $143.25 million with a modest 2.04% year-on-year increase.
Future forecasts suggest a steady growth in imports, with values expected to reach $157.8 million by 2028. The forecasted 5-year CAGR stands at 1.58%, indicating moderate but consistent growth over the upcoming years.
Future trends to watch for include:
- Global supply chain disruptions
- Fluctuations in raw material prices
- Changes in Thailand's domestic production capacity
- Trade policy adjustments, including tariffs and trade agreements
- Economic indicators that could affect demand
