The import of copper sulphates to Thailand has shown a significant declining trend from 2013 to 2023. The import volume decreased from 2.7899 million kilograms in 2013 to 0.80632 million kilograms in 2023, reflecting a compound annual growth rate (CAGR) of -8.02%. Over the last two years, the volume decreased by 7.8% from 2021 to 2022 and by 8.29% from 2022 to 2023.
Looking forward, the forecasted data from 2024 to 2028 suggests a continuous decline. The volume is projected to decrease from 0.72626 million kilograms in 2024 to 0.42549 million kilograms in 2028, indicating a forecasted 5-year CAGR of -10.14% and a forecasted 5-year growth rate of -41.41%.
Future trends to watch for:
- Shifts in global copper sulphate production and pricing.
- Changes in Thailand's industrial demands and agricultural practices.
- Potential substitution with alternative products or materials.
