The import volume of glass fibres, glass wool, and related articles to Thailand has witnessed fluctuation over the years. Starting from 2013, there was an initial decline, followed by modest growth until 2016, and a sharp drop in 2020. The year 2023 saw imports standing at 3.8372 Million Kilograms, reflecting a 2.49% year-on-year decrease from 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) has been -3.04%. Forecasted data suggests a steady decline, with an expected import volume of 3.3262 Million Kilograms by 2028, resulting in a five-year forecast CAGR of -2.26%.
Future trends to watch for:
- Potential impacts of domestic production increases on import needs.
- Shifts in demand driven by construction industry dynamics.
- Technological advancements in glass fibre and wool manufacturing.
