The import of Ethylene-Vinyl Acetate Copolymers to Thailand has shown significant growth and variability over the years from 2013 to 2023. Starting at $21.95 million in 2013, the value saw fluctuations but demonstrated an overall upward trajectory, peaking at $57.768 million in 2023. The period between 2015 and 2016 marked a sharp increase of 46.61%, followed by robust growth until 2018. After a slight dip in 2019 and 2020, the imports rebounded in 2021 with a 19.07% rise. The years 2022 and 2023 saw modest increases of 9.26% and 3.58%, respectively. The compounded annual growth rate (CAGR) over the last 5 years stands at 2.45%, demonstrating steady growth.
Going forward, the forecast data from 2024 to 2028 predict a stable increase, with imports reaching $68.054 million by 2028. The forecasted 5-year CAGR is 2.63%, indicating a positive growth trend. Future trends to watch include potential market disruptions, technological advancements in polymer applications, and regulatory changes that may influence import dynamics. Keeping an eye on international trade relations and raw material prices will also be critical for understanding future market shifts.
