The import of coal to Thailand is showing a consistent upward trend from 2024 to 2028. It starts at 1.9087 billion US Dollars in 2024 and climbs to 2.1258 billion US Dollars by 2028. Compared to 2023, the increase in 2024 is notable. The forecasted year-on-year growth rates are steady, indicating a gradual but persistent rise in coal imports.
For 2024, the import level is expected to be higher than the actual import volume in 2023. The forecasted import values for subsequent years show the following year-on-year growth percentages: 2025 increases by 2.9% from 2024, 2026 increases by 2.8% from 2025, 2027 increases by 2.7% from 2026, and 2028 increases by 2.5% from 2027. The compound annual growth rate (CAGR) over this five-year forecast period averages about 2.7%.
Future trends to watch for include the global demand for coal, changes in Thailand’s energy mix with potential increases in renewable energy sources, and international pressure on carbon emissions reduction, which could impact import volumes and policies related to coal imports.
