Analysis of the import of Aluminium Alloy Plate, Sheet, and Strip to Thailand between 2013 and 2023 reveals a general downward trend in volume. The highest value was in 2013 with 39.944 million kilograms, decreasing steadily to 23.461 million kilograms by 2023. Year-on-year variations show significant fluctuations, with noticeable drops in 2014 and 2020 by 20.56% and 20.1% respectively, and occasional increases like the 21.1% rise in 2015. The Compound Annual Growth Rate (CAGR) highlights a consistent contraction, with a -3.2% decline over the last five years leading up to 2023.
Future trends to watch for:
- Forecasts from 2024 to 2028 anticipate continued declines in import volume, reaching 18.432 million kilograms by 2028.
- The forecasted 5-year CAGR is -3.83%, indicating ongoing decreases in imports.
- Factors influencing these trends may include changes in domestic production capabilities, shifts in demand, and global market dynamics.
