The forecasted import value of essential oils, resinoids, and terpenic by-products to Thailand shows a consistent upward trend from 2024 to 2028, starting at 43.369 million USD and reaching 49.716 million USD. The year-on-year variation between 2024 and 2025 is estimated at approximately 3.77%, while it is around 3.56% between 2025 and 2026, 3.37% between 2026 and 2027, and 3.19% between 2027 and 2028. The compound annual growth rate (CAGR) over this five-year period is anticipated to be about 3.47%.
Key trends to watch for in the future include:
- Shifts in global supply chains affecting availability and prices.
- Regulatory changes impacting importation and usage of these products in Thailand.
- Emerging technologies and innovations in essential oils and resinoid extraction and production.
