The import value of ceramic roofing tiles to Thailand has shown considerable fluctuations over the past years. In 2023, the import value stood at $629.71 thousand USD. Analyzing the last two years, the year-on-year variation shows a growth of 2% and 2.09% respectively for 2023 and 2022. The five-year Compound Annual Growth Rate (CAGR) reflects an average yearly increase of 3.2% through to 2023.
Breaking down the broader trend:
- 2013-2017: The market experienced volatile growth with significant year-on-year changes, namely a peak growth of 59.35% in 2014 and a decline by 29.65% in 2017.
- 2018-2023: Stabilizing phase with moderate growth and declines, culminating in a slight overall increase in value.
Future trends indicate consistent but modest growth for ceramic roofing tile imports, with a forecast 5-year CAGR of 1.54% and an estimated growth rate of 7.93% by 2028. Factors to watch include potential shifts in construction demand, changes in trade policies, and innovations in roofing materials that could impact import volumes.
