The import of petroleum bitumen to Thailand is forecasted to undergo a significant decline from 2024 to 2028. In 2023, the import volume stood at a higher level compared to the forecasted data for the next five years. The year-on-year variations show a steady decrease, with the most significant declines anticipated in 2027 and 2028. Specifically, the annual rates of decline are about 12.92% from 2024 to 2025 and continue downward to around 19.57% by 2028. The Compound Annual Growth Rate (CAGR) indicates a consistent average yearly decrease in imports.
Future trends to watch for include potential shifts in global oil markets, changes in Thailand’s domestic production and demand, and new policies or regulations affecting the importation of petroleum bitumen. Monitoring these factors will be crucial for anticipating further variations in import volumes.
