The import of Copper Oxides and Hydroxides to Thailand has exhibited fluctuations over the past decade. Between 2013 and 2023, there were notable variations, with sharp declines in 2013 (-29.56%) and 2020 (-15.23%), contrasted by significant growth in 2015 (30.47%) and 2021 (22.94%). The import value stood at 842.59 thousand kilograms in 2023. Over the last two years, the year-on-year variations were modest at 1.96% in 2022 and 1.89% in 2023. The average annual growth (CAGR) over the past five years was 1.85%. Forecast data suggests a continued, albeit slower, growth trajectory with a five-year CAGR of 1.45% up to 2028, indicating an overall growth rate of 7.48%.
Future trends to watch for include:
- Potential shifts in global copper market dynamics affecting import costs.
- Technological advancements in copper oxide and hydroxide applications possibly influencing demand.
- Economic and regulatory changes within Thailand impacting import practices and volumes.