Hydraulic cement production in Thailand stood at 34.37 million metric tons in 2023. Reviewing the historical data, production showed substantial variation, such as a notable dip in 2016 and 2017, a recovery in 2019, and the effects of the pandemic leading to a decline in 2020. The year-on-year growth for the last two years has been stable at 0.2%. Over the past five years, the Compound Annual Growth Rate (CAGR) was 1.02%. Future forecasts suggest marginal growth with projected outputs of 34.44 million metric tons in 2024 and slight annual increments, resulting in 34.73 million metric tons by 2028. The forecasted five-year CAGR shows a minimal average annual growth rate of 0.16% over the period.

Future trends to watch for:

Sustainable building practices influencing cement demand and potentially leading to innovations in green cement production.
Government infrastructure projects and policy changes in Thailand that could impact production volumes.
Economic factors, including construction industry growth and macroeconomic conditions, affecting overall cement demand.