Thailand's import of Oxirane (Ethylene Oxide) in 2023 was valued at $4.4213 million. Over the last two years, from 2022 to 2023, the imports increased by 3.61%, following a 3.83% increase between 2021 and 2022. The average annual Compound Annual Growth Rate (CAGR) over the last five years, from 2018 to 2023, was 2.96%.
Looking ahead, the forecasted import value of Oxirane is expected to continue growing, reaching $5.2266 million by 2028. This indicates a forecasted CAGR of 2.63% over the next five years. The projected growth from 2023 to 2028 represents an overall increase of 13.86% in the value of imports.
Key future trends to watch for include:
- Fluctuations in the global supply and demand dynamics of Ethylene Oxide.
- Impact of regulatory changes within Thailand related to chemical imports and usage.
- Technological advancements in production and alternative materials that may affect the need for Ethylene Oxide.
- Economic factors influencing trade policies and import tariffs.
