The import of ceramic, glass pigments, opacifiers, colours, and enamels to Thailand has experienced fluctuating trends over the years. In 2023, the value of imports stood at 68.04 million USD. The series shows notable oscillations with significant declines in 2017 and 2020, but also periods of recovery in 2016, 2018, and 2021. Year-on-year variation in the last two years indicates modest growth with a 6.16% increase in 2022 and a 0.82% increase in 2023, while the last five years have seen an average annual growth rate (CAGR) of 0.65%.
Future trends to watch for include:
- Gradual and sustained growth with a forecasted 5-year CAGR of 0.67%, projecting the value to reach 70.749 million USD by 2028.
- Potential impacts from global economic conditions and changes in industry demand, which could influence the stability and resilience of the import market.
- Technological advancements in ceramic and glass manufacturing that may shift local production capacities and import dependencies.
