The import of sawdust and wood waste and scrap to Thailand has witnessed varied trends over the past decade. A significant decline occurred between 2013 and 2015, followed by stabilization and moderate fluctuations. Notably, 2018 saw a sharp increase, but this was followed by minor declines and subtle increases up to 2023. In 2023 the import value stood at 3.5841 million USD, indicating a resilience in the overall demand. Though the market saw substantial growth spurts, the year-on-year variations reveal oscillations in import values. The average annual growth rate over the last five years was 1.45%, suggesting a gradual stabilization in the market.
Looking forward, imports are forecasted to grow modestly, with a projected value reaching 3.9298 million USD by 2028. The future 5-year compound annual growth rate (CAGR) is expected to stabilize around 1.45%, which suggests a steady, albeit slow, positive trend. Factors to watch include the global supply chain's stability for wood waste, Thailand's domestic policies on renewable materials, and technological advancements in recycling and waste management, which could influence the demand for wood waste imports.
