Forecast: Ores and Metals Imports in Thailand

Thailand's ores and metals imports have demonstrated fluctuating growth patterns between 2013 and 2023. Despite occasional dips, there has been an upward trend overall, with imports rising from 3.52 in 2013 to 4.75 in 2023. During 2022, there was an 8.95% decline, but in 2023, there was a slight rebound with a 1.02% increase. The average compound annual growth rate (CAGR) over the past five years (2019-2023) was 2.52%. For 2023, imports stood at 4.75 in Unit of Goods Imports.

Future trends to watch for include:

• A stable forecast period from 2024 to 2028, with imports expected to remain constant at 4.75.
• Potential impacts due to global economic shifts, trade policies, and technological advancements affecting the ores and metals sector.
• Sustainability practices and environmental policies which may influence import volumes and sourcing strategies.