In 2023, the actual import volume of rosin and resin acids to Thailand stood at 3.1 million kilograms. Forecasted data from 2024 onwards show a consistent year-on-year decline. Specifically, the forecasted volumes are expected to decrease from 3.0103 million kilograms in 2024 to 2.6338 million kilograms by 2028. The year-on-year variations demonstrate a diminishing pattern; for instance, 2024 shows a decline of 3.2% compared to 2023, followed by subsequent decreases of approximately 3.2% each year until 2028.
Analyzing the data over the last two years reveals a negative growth trend, with the average annual decline (CAGR) over the next five years projected to be around 3.2%. This steady decline could indicate market saturation or shifts in demand dynamics or supply chain alterations within the industry.
Future trends to watch for include potential shifts in Thailand's industrial demand for rosin and resin acids, advancements in synthetic alternatives, changes in international trade policies, and broader economic factors impacting import reliance. Monitoring these elements can provide deeper insights into anticipating market fluctuations.
