The import of Ethylene Glycol (Ethanediol) to Thailand stood at 109.33 million kilograms in 2023, showing a consistent decline from previous years. Over the past two years, the year-on-year variation has been negative, with a -5.03% decrease in 2022 and -5.19% in 2023. The compound annual growth rate (CAGR) for the past five years is -5.29%, indicating a steady downturn in imports.
Looking at future trends, the projected data from 2024 to 2028 shows a continued decline. The forecast 5-year CAGR is -5.35%, and the total change over this period is expected to be -24.05%. This points to a declining trend in the import volume, possibly driven by market shifts, changes in domestic production, or policy adjustments.
Future trends to watch for include potential changes in regional economic conditions, advancements in local manufacturing capabilities, shifts in global supply chains, and policy regulations that could impact import volumes. Exploring alternatives or substitutes, as well as advancements in production technology, could also play a significant role in shaping the market dynamics for Ethylene Glycol in Thailand.
