The import of multiple-walled insulating units of glass to Thailand demonstrated significant growth from 2013 to 2023, reaching a value of USD 24.339 million in 2023. The year-on-year variations reveal sharp increases in specific years such as 2014 (84.82%), 2018 (43.41%), and 2021 (26.38%), while also experiencing dips in 2016 (-22.48%) and 2020 (-12.63%). The five-year compound annual growth rate (CAGR) from 2019 to 2023 stands at 3.46%, indicating moderate growth.
The forecasted period from 2024 to 2028 shows gradual increases, with the import value expected to rise to USD 29.566 million by 2028. Over these five years, the forecasted CAGR is anticipated to be 3.05%, implying steady growth.
Future trends to watch for:
- Potential impacts of advancements in energy-efficient glass technology on import volumes.
- Government policies and regulations affecting the construction and real estate sectors.
- Demand fluctuations driven by economic conditions and green building initiatives.
- Supply chain dynamics and global trade relations impacting import costs and availability.
