Forecast: Basic Metals Exports to India by Thailand

Throughout the period 2013-2019, Thailand's basic metals exports to India exhibited considerable fluctuation, with significant drops observed early on, notably in 2014 and 2015. This was followed by recovery, peaking in 2018. The period 2019-2023 saw more stability, though a notable dip occurred in 2020. In 2023, exports stood at 528.16 million US dollars. Over the last two years, exports increased by 1.52% and 1.46% respectively. Looking at the five-year CAGR from 2019 to 2023, there was an average yearly decline of 0.88%.

For the forecast period 2024-2028, Thailand’s exports are projected to grow at an average annual rate of 1.15%, leading to an approximate 5.86% increase by 2028. Future market trends to watch for include potential impacts from trade policies, regional economic integration, and shifts in global demand for basic metals which could alter this growth trajectory.