The import of laminated safety glass for non-vehicle use to Thailand has experienced fluctuations over the past decade, with notable peaks and troughs. In 2023, the import value stood at approximately $37.845 million. Notably, the year-on-year variation in 2023 was 3.93%, continuing an upward trend from 2022's 4.18%. Over the last five years, the compound annual growth rate (CAGR) averaged 6.61%, indicating a modest but consistent growth trajectory.
Looking into the future, the import value is forecasted to rise steadily, reaching $45.325 million by 2028, with an average annual growth rate of 2.83% over the next five years. Significant growth phases, like the one between 2016 and 2017, showcase potential opportunities for sustained demand in construction and industrial applications.
Future trends to watch for include advancements in safety glass technologies, evolving regulatory standards for construction materials, and Thailand's infrastructure development initiatives. These factors could further influence the import dynamics, shaping new growth phases or fluctuations in the market.
