The import of pigments for paint, stamping foils, and dyes to Thailand increased from 2013 to 2023, with values rising from 50.901 million USD in 2013 to 62.385 million USD in 2023. This indicates a growth in demand, although fluctuations and dips were observed, notably in 2015, 2016, and 2020. The most considerable annual growth was in 2021, with a 17.04% increase compared to the previous year. Over the last five years, the compound annual growth rate (CAGR) stood at 1.8%.
Future trends to watch for include:
- Projected steady annual increases, reaching 68.83 million USD by 2028.
- An anticipated average annual growth rate of 1.6% over the next five years.
- Potential impacts of economic conditions and industry innovations on import volumes.