Thailand's import of salt (sodium chloride) including solution and salt water has shown a fluctuating pattern over the past decade. The volume in 2023 stood at 246.39 million kilograms. The data reveals significant year-on-year variations, such as an impressive 223.67% increase in 2015, while 2020 experienced a decline of 12.13%. The last five-year compound annual growth rate (CAGR) was 5.48%, indicating steady growth despite some fluctuations.
Projected data for 2024 onwards suggests a continuous upward trend, with the volume expected to reach 304.28 million kilograms by 2028. The forecasted five-year CAGR is 3.31%, showing moderate growth with an overall increase of 17.68% over this period.
Future trends to watch for:
- Potential impacts of climate change on salt production and imports.
- Shifts in industrial demand and domestic production capabilities.
- Regulatory changes that might affect import tariffs and trade policies.
