The import of propylene copolymers to Thailand over the past decade shows fluctuations with a gradual recovery. Starting from a peak of 98.237 million kilograms in 2013, it experienced a significant dip in 2020 at 78.538 million kilograms but recovered to 98.797 million kilograms by 2023. Year-on-year variations reveal considerable volatility, ranging from a decrease of 15.71% in 2020 to an increase of 16.17% in 2021. The Compound Annual Growth Rate (CAGR) illustrates an average annual growth of 1.76% from 2019 to 2023.
Looking ahead from 2024, forecasts indicate a consistent upward trend, projecting imports to reach 105.63 million kilograms by 2028. The forecasted 5-year CAGR is 1.11%, translating to an overall growth rate of 5.68% over this period.
Future trends to watch for include:
- Technological advancements and their impact on local production capabilities.
- Changes in trade policies and their influence on import dynamics.
- Fluctuations in global demand for propylene copolymers, driven by industrial applications.
- Economic factors within Thailand that may affect import volume, such as GDP growth and manufacturing sector performance.
