Key Market Indicators
Thailand is set to experience a steady growth in tractor exports over the next five years. In 2021, the country ranked 21st in the world, with exports of around $461 million. This represents an increase of 2.9% year-on-year CAGR since 1994. Canada came in first, with exports of about $385 million. Mexico, the Netherlands, and the United States respectively ranked second, third, and fourth. Thailand's tractor imports, however, are set to decline over the next five years. In 2021, the country ranked 45th in the world, with imports of around $150 million. This represents a decrease of 3.2% year-on-year average rate since 1993. Malaysia overtook Thailand, with imports of about $182 million. Canada, France, and Germany respectively ranked second, third, and fourth.
