Thailand's cement export value in 2023 stood at 668.46 million USD, showing a growth of 1.23% year-on-year from 2022. Over the last two years, exports increased by approximately 1.28%. Analyzing the compound annual growth rate (CAGR) from 2018 to 2023, we observe a modest average increase of 0.81% annually. Moreover, forecasted data predict the export value to reach 711.05 million USD by 2028, suggesting a forecasted 5-year CAGR of 0.97% and an overall growth of 4.97% from 2023 to 2028.
Future trends to watch for include:
- Global economic recovery boosting construction demand.
- Potential impacts of geopolitical factors on trade.
- Environmental regulations affecting production costs and export volumes.
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