Between 2013 and 2023, coal rents in Thailand expressed as a percentage of GDP witnessed significant fluctuations. The coal rent value in 2023 stood at 0.026. Notable trends include a sharp decline in 2015 by 45.9%, followed by a recovery period from 2016 to 2017. The year 2021 experienced a substantial increase of 111.95% compared to the previous year. However, subsequent years saw a decline, with a notable drop of 25.51% in 2022 before stabilizing slightly. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was -2.19%, indicating an overall contraction in this period.
Looking forward, the forecasted period from 2024 to 2028 anticipates a stable coal rent value of 0.026, with a forecasted CAGR of 0.2% and a growth rate of 1.03%. Future trends to watch for include technological advancements in renewable energy, government policy shifts towards sustainable energy, and global market dynamics affecting coal demand and supply.
