The import of refractory ceramic articles (except for construction) to Thailand has experienced moderate fluctuations from 2013 to 2023. As of 2023, the value stands at 36.838 million USD. The year-on-year variation across this period has generally been positive, with notable increases such as the 21.38% jump in 2018 and a significant recovery of 23.46% in 2021 following a decline in 2020. Over the last two years, the import value grew steadily, with 2.36% in 2022 and 2.26% in 2023. The compound annual growth rate (CAGR) for the last five years indicates an average annual growth of 4.99%.
Looking forward, forecasts from 2024 to 2028 suggest a continued upward trend with an average annual growth rate of 1.72%, translating to an overall growth rate of 8.91% over this five-year period. Anticipated values project a sustained increase, reaching 41.092 million USD by 2028.
Key future trends to watch include the potential impacts of global economic conditions, advancements in refractory materials, and their applications across various industries. These factors could significantly influence import volumes and values, either accentuating growth or causing unexpected fluctuations.
