The volume of backed aluminium foil imports to Thailand stood at 10.503 million kilograms in 2023, exhibiting steady growth from 2022, which saw a marginal increase. This represents a year-on-year increase of 2.26%, closely aligned with the average annual variation (CAGR) over the past five years of 2.28%.
The market experienced significant fluctuations over the years: a decline in 2014 and 2020 was followed by varying degrees of recovery, with notable increases in recent years. Forecasts predict that by 2028, the market will grow at a 5-year CAGR of 1.72%, reaching approximately 11.729 million kilograms, reflecting an overall growth rate of 8.88% from 2023.
Future trends worth monitoring include advancements in aluminium foil technology, shifts in global trade policies, and sustainability demands, which could influence import patterns and market dynamics.
