The import of natural graphite, except powder or flakes, to Thailand reached 593.8 thousand kilograms in 2023, showing a steady improvement with a year-on-year increase of 3.18%. Over the last two years, the imports have grown by 3.18% and 3.35% in 2023 and 2022, respectively. The compound annual growth rate (CAGR) over the past five years has been 2.86%, indicating consistent upward momentum in import volumes. Future forecasts suggest a continued 2.35% CAGR, with a projected growth rate of 12.29% by 2028, reaching 689.32 thousand kilograms.
Future trends to watch for:
- Potential impacts of technological advancements in battery manufacturing, which uses natural graphite.- Changes in global trade policies and their impact on import volumes.- Supply chain disruptions and their influence on steady supply.- Economic and industry-specific trends in Thailand that could affect overall demand.
