The import of rolled aluminium foil to Thailand has exhibited significant growth from 2013 to 2023, starting at $126.5 million and reaching $243.17 million, marking a consistent rising trend with occasional fluctuations. The year-on-year variation shows substantial yearly increases, particularly notable in 2021 at 28.4% and in 2018 at 16.71%. However, 2020 saw a decline of 13.02%. Over the last five years, the Compound Annual Growth Rate (CAGR) stood at 3.83%. Forecasts from 2024 to 2028 predict a continued increase, culminating at $291.74 million in 2028, with a forecasted 5-year CAGR of 2.84%.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on import growth rates.
- Technological advancements in aluminium foil manufacturing that could influence import volumes.
- Environmental regulations and sustainability initiatives affecting future demand and import policies.
- Market demand fluctuations driven by economic conditions and consumer preferences.
