The export of rubber and plastic products from Thailand to China has seen significant fluctuations over the years. From 2013 to 2023, there has been a noticeable decline beginning with a peak in 2013 at 2.493 billion USD, followed by a consistent downward trend, settling at 0.82755 billion USD in 2023. The year-on-year variations have oscillated from sharp declines to modest increases, with the Compound Annual Growth Rate (CAGR) over the last five years standing at -3.07%. Forecasts for the next five years indicate a continuing decline with a forecast CAGR of -2.72%, amounting to a growth rate of -12.87% by 2028.
Future trends to watch for include potential market shifts driven by global supply chain dynamics, changes in trade policies between China and Thailand, advancements in alternative materials to plastic and rubber, and evolving environmental regulations that might impact demand. Monitoring these factors could provide valuable insights into the trajectory of this market segment.
