The import of adhesives based on rubber or plastic to Thailand has shown considerable fluctuations over the years. As of 2023, the import value stood at $89.496 million. Historical data indicates varying year-on-year changes, with significant peaks such as an 18.98% increase in 2021 and a notable drop of -13.52% in 2020. The 5-year CAGR leading up to 2023 was 3.1%. Forecasted values suggest moderate growth, with a projected 2.58% CAGR from 2024 to 2028, resulting in a 13.61% overall growth over five years.
Future trends to watch for:
- Impact of technological advancements on adhesive composition and efficiency.
- Changes in regulatory policies affecting imports and raw material sourcing.
- Fluctuations in global trade dynamics and their effect on supply chain continuity.
- Increasing demand from various industrial sectors such as automotive and construction.
