The export of pigments for paints and dyes packaged for retail from Thailand has displayed varied trends from 2013 to 2023. In 2023, the export volume stood at 1.5534 million kilograms. Analyzing the year-on-year variations, significant fluctuations have been observed, with notable increases in certain years, such as 2021 (17.76%) and moderate decreases in others, like 2020 (-14.48%). The Compound Annual Growth Rate (CAGR) over the last five years as of 2023 averaged 2.39%, indicating a relatively moderate growth rate.
Looking into the forecast from 2024 to 2028, the CAGR for this period is projected to be 1.99%, reflecting a steady but slower growth in contrast to the past. By 2028, the export volume is expected to reach 1.7562 million kilograms, representing a 10.33% growth over the five-year forecast period.
Future trends to watch for include:
- Potential impacts of global economic conditions on demand for paints and dyes.
- Technological advancements in pigment production.
- Changes in environmental regulations affecting manufacturing and exporting processes.
