The import of undenatured ethyl alcohol to Thailand has shown fluctuating trends over the years. From the initial actual value of 5.8893 million kilograms in 2013, it peaked at 7.3651 million kilograms in 2014, followed by significant declines and modest recoveries. By 2023, imports stood at 4.9292 million kilograms. Over the past two years, imports experienced a minor decrease, with a year-on-year variation of -0.03%. The compound annual growth rate (CAGR) over the last five years was 2.56%, indicating slight growth in a generally volatile market.
Looking forward to 2024 and beyond, forecasted data suggests a continuing, albeit minimal, decline in imports, with a projected CAGR of -0.02% through 2028. Despite fluctuations, the overall volume of undenatured ethyl alcohol imports will only see minor downward variations.
Future Trends to Watch For:
- Responses to global market dynamics and policy changes affecting ethyl alcohol production.
- The impact of economic factors within Thailand, including changes in domestic production and consumption patterns.
- Technological advancements and shifts in industries utilizing ethyl alcohol, which may alter import demands.