The import of carbon and graphite furnace electrodes to Thailand has seen varied fluctuations over the past decade. From 2013 to 2017, imports showed significant volatility with notable increases and decreases year-on-year. Between 2013 and 2023, the value peaked in 2014 at 15.989 million kilograms and faced the lowest point in 2015 with 8.7348 million kilograms.
More recently, imports from 2019 to 2023 showed a slightly declining trend, with 2023 standing at 12.994 million kilograms. The year-on-year variation for 2022 and 2023 was marginally negative, indicating stability in recent years. The average annual variation (CAGR) over the last five years until 2023 stands at approximately -1.06%.
Looking forward, forecasted data indicates a gradual decline with a 5-year CAGR of -0.08%, suggesting stability with a slight downward trend through 2028. The overall trend points towards marginal reductions in import volume, expected to reach around 12.928 million kilograms by 2028.
Future trends to watch for include potential shifts in global supply chains or advancements in alternative materials or technologies, which could influence the demand and import volumes of carbon and graphite furnace electrodes. Additionally, any changes in Thailand's industrial policies or economic conditions might also impact future import trends.
