The import of Polymers of Propylene and Olefins to Thailand displayed fluctuating trends over the years from 2013 to 2023. The data showcases notable annual variations, including significant drops in 2018 and 2020, and rebounds in 2019 and 2021. By 2023, the import volume stood at 18.953 million kilograms, reflecting a year-on-year increase of 0.19%. The compound annual growth rate (CAGR) over the last five years was a modest 1.8%.
Forecasts from 2024 to 2028 predict a steady but slow growth. The import volume is projected to reach 19.088 million kilograms by 2028, with the forecasted five-year CAGR at 0.17%, indicating minimal growth over the forecast period.
Future Trends to Watch For:
- Global economic conditions and their impact on Thailand’s import capabilities.- Technological advancements and innovations in the polymer industry.- Shifts in international trade policies affecting raw material imports.- Increasing demand for sustainable and eco-friendly materials.
