The forecast for the import of shingles and shakes of wood to Thailand shows a steady increase from 2024 through 2028. Summarizing the data, the imports are expected to grow from 786.84 thousand kilograms in 2024 to 856.44 thousand kilograms in 2028. Compared to 2023, where the actual imported volume stood at 775.00 thousand kilograms, this represents consistent year-on-year percentage increases over the forecast period. Specifically, the year-on-year growth rates are:
- 2024: 1.5% increase from 2023
- 2025: 2.3% increase
- 2026: 2.2% increase
- 2027: 2.1% increase
- 2028: 2.0% increase
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is 1.95%, indicating a moderate yet steady increase in the import volume over the five-year period.
Future trends to watch for include potential changes in global timber supply chains, trade policies impacting wood products, and domestic demand fluctuations influenced by the construction sector in Thailand. Attention should also be paid to sustainability initiatives and environmental regulations which could impact both supply and demand dynamics.
