Thailand's exports of chemicals and chemical products to Australia showed fluctuations between 2013 and 2023, standing at $740.83 million in 2023. Notable annual variations include substantial declines in 2015 and 2020, contrasted by significant rebounds in 2017, 2021, and stable growth in recent years. The YoY growth for 2022 and 2023 were 7.37% and 1.92%, respectively. The five-year CAGR leading to 2023 was 1.47%.
Forecasts indicate continuous incremental growth from 2024 onwards, with a projection reaching $811.76 million by 2028. The anticipated five-year CAGR is 1.5%, with an overall growth rate of 7.71% during this period.
Future trends to monitor include global economic conditions, regulatory changes in both countries, advancements in chemical technologies, and potential shifts in trade policies that could impact export levels.
