The import of Polyethylene Terephthalate (PET) to Thailand has experienced substantial fluctuations in growth over the years. From 2013 to 2018, the import volume saw significant increases, with some years like 2018 posting an 88.12% year-on-year growth. However, subsequent years until 2020 showed some declines, with a notable drop of 11.33% in 2020. The trend resumed upward movement post-2020, reaching 229.19 million kilograms in 2023.
In terms of variations over the last two years, 2022 saw an 11.35% increase, and 2023 experienced a 5.35% rise in import volumes. The compound annual growth rate (CAGR) over the last five years from 2018 to 2023 was 3.13%.
Looking forward, the forecast indicates a consistent upward trend with projected figures reaching 289.42 million kilograms by 2028. The expected CAGR from 2024 to 2028 is 3.71%, representing an overall growth rate of 19.97% over the five-year forecast period.
Future trends to watch for include potential impacts of global supply chain disruptions, evolving demand in domestic recycling capabilities, and innovations in PET recycling technology which may influence Thailand's import volumes.
