The export value of rubber and plastic products from Thailand to the U.S. grew significantly from 2013 to 2023, standing at 4.0123 billion USD in 2023. Over this decade, we observed substantial year-on-year fluctuations, with notable gains in 2016 (15.19%) and 2017 (24.58%), and a dip in 2020 (-13.35%) due to global disruptions.
The average annual growth rate (CAGR) for the past five years was 5.65%. Looking ahead, from 2024 to 2028, the forecast growth rate is expected to average 2.68% annually, culminating in an estimated export value of 4.7423 billion USD by 2028, reflecting a 14.14% growth over five years.
Future Trends to Watch For:
- Global economic recovery and trade dynamics post-pandemic.
- Technological advancements and automation in rubber and plastic manufacturing.
- CSR and environmental regulations impacting production and exports.
- Geopolitical developments influencing U.S.-Thailand trade relations.
