The import of copper cathodes and sections of cathodes, unwrought, to Thailand has experienced notable fluctuations over the last decade. The volume stood at 407.65 million kilograms in 2023, marking a year-on-year increase of 2.49%. From 2013 to 2023, the market showed considerable growth periods, peaking dramatically in 2021 with a 23.77% increase, before stabilizing. The average annual growth (CAGR) over the last five years is 2.74%, indicative of a steady but moderate upward trend.
Looking ahead, the forecast data indicate a continuous incline with an estimated annual growth rate (CAGR) of 1.88% from 2024 to 2028, predicting the volume to reach 459.37 million kilograms by 2028, reflecting a 9.76% growth over five years.
Future trends to watch for:
- Potential global supply chain disruptions affecting import volumes.
- Fluctuations in copper prices impacting import demand.
- Thailand’s industrial demand shifts and policy changes influencing import patterns.
- Technological advancements in copper production and recycling processes.
