Thailand's import of electrical insulators of glass has seen significant fluctuations from 2013 to 2023. In 2023, the import volume stood at 5096.5 thousand kilograms. The market experienced substantial growth until 2018, followed by a period of relative stability and gradual increase. The year-on-year variation reached its peak in 2017 with a remarkable increase, reflecting a robust demand. However, growth stabilized in the following years, especially notable with a minor increase in 2023.
Future trends to watch for include:
• A moderate but steady increase in imports, with a forecasted 5-year CAGR of 4.08% up to 2028.
• Continued growth driven by infrastructure development and increasing demand for power distribution.
• Potential impacts from advancements in technology and alternative materials on import volumes.
