- 2024: 466.72
- 2025: 475.86
- 2026: 484.81
- 2027: 493.59
- 2028: 502.19
Year-on-Year Variations
- 2024-2025: [(475.86 - 466.72) / 466.72] * 100 = 1.96%
- 2025-2026: [(484.81 - 475.86) / 475.86] * 100 = 1.88%
- 2026-2027: [(493.59 - 484.81) / 484.81] * 100 = 1.81%
- 2027-2028: [(502.19 - 493.59) / 493.59] * 100 = 1.74%
Compound Annual Growth Rate (CAGR)
- CAGR (2024-2028): [(502.19 / 466.72) ^ (1/4) - 1] * 100 = 1.84%
Future Trends to Watch
Future trends indicate a consistent and stable increase in the import of lithium oxide and hydroxide to Thailand, with an average annual growth rate of 1.84%. This is driven by rising demand from the electric vehicle (EV) market and energy storage solutions. Monitoring geopolitical and economic factors will be crucial for predicting any potential disruptions in supply chains.
