In 2023, the consumption of non-metallic minerals in Thailand was recorded at 42.57. Forecasted data indicates a gradual decline in consumption values from 2024 onwards, with 42.34 in 2024, 42.1 in 2025, and continuing to decrease to 41.41 by 2028. Year-on-year, this signifies a steady decline in percentage terms, with the consumption expected to decrease by approximately -0.57% for 2024, -0.57% for 2025, -0.57% for 2026, -0.57% for 2027, and -0.57% for 2028. The compound annual growth rate (CAGR) over the next five years is projected to be around -0.57% per annum.
Future trends to watch for include:
- Potential impacts of economic policies on the construction and manufacturing sectors, which are primary consumers of non-metallic minerals.
- Technological advancements and innovative construction materials that could alter demand for traditional non-metallic minerals.
- Environmental regulations and sustainability efforts which may shift consumption patterns.
- Global supply chain stability and raw materials pricing that could affect import and local production of non-metallic minerals.