The import of hydraulic presses for working metal to Thailand is forecasted to decline consistently over the next five years. In 2024, the import value is anticipated to be 17.671 million USD. This value is expected to decrease by 9.7% in 2025, reaching 15.955 million USD. By 2026, the import value will likely fall to 14.273 million USD, representing a year-on-year decline of 10.5%. The downward trend continues with a 11.6% drop in 2027 to 12.625 million USD, and a 12.8% decrease in 2028, arriving at 11.01 million USD. Over this five-year period, the compound annual growth rate (CAGR) is projected to be -10.9%, indicating a significant overall reduction in import values.
Trends to watch for in the future include potential technological advancements in local metalworking industries, which could reduce dependency on imported hydraulic presses. Additionally, fluctuations in global metal prices and economic policies affecting trade tariffs and agreements could further influence these import trends.
