The import of pipe and tube fittings of refined copper to Thailand has shown a significant upward trend from 2013 to 2023, rising from 267.15 thousand kilograms to 609.13 thousand kilograms. Over the last two years, imports have grown by 3.88% in 2022 and 3.66% in 2023. Over the previous five years, the CAGR stood at 2.74%, reflecting steady growth. Looking ahead from 2024 to 2028, the forecast indicates a continued rise, with a projected CAGR of 2.66% and an overall growth rate of 14.02% within this period.
Future trends to watch for:
- Potential fluctuations in global copper prices could affect import volumes.
- Economic policies and trade agreements impacting Thailand’s import strategies.
- Technological advancements in manufacturing alternatives to refined copper.
