The import of Propylene Glycol (Propane-1,2-Diol) to Thailand stood at 7.173 million kilograms in 2023. The forecast data from 2024 to 2028 shows a consistent decrease in imports. For 2024, the import volume is expected at 6.9747 million kilograms, which represents a year-on-year decrease of approximately 2.8% compared to the previous year. Following that, the expected reductions are:
- 2025: 6.7819 million kg (-2.8% YoY)- 2026: 6.5929 million kg (-2.8% YoY)- 2027: 6.4078 million kg (-2.8% YoY)- 2028: 6.2263 million kg (-2.8% YoY)
The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is projected to be -2.8%.
Future trends to watch for include technological advancements in production that might affect local manufacturing and reduce import reliance. Additionally, shifts in global trade policies and Thailand's economic conditions could influence these trends.
