The import volume of tanks and other armoured fighting vehicles to Thailand has seen a fluctuating yet overall increasing trend from 2013 to 2023. Notably, the volume in 2023 stood at 3.7246 million kilograms. Year-on-year variation revealed significant fluctuations, with notable increases in several years such as 2015 (20.76%) and 2016 (66.77%). The most recent years have shown a more stable growth, with 2022 and 2023 seeing increases of 10.65% and 4.77%, respectively. The CAGR over the last five years is 6.02%.

Looking forward, forecast data from 2024 to 2028 predict a steady annual growth rate with a 5-year CAGR of 3.37%, resulting in an 18.01% increase in import volume by 2028.

Future Trends to Watch For:

Government defense policies and budget allocations impacting import volumes.
Regional security dynamics influencing military procurement needs.
Technological advancements in armoured fighting vehicles driving import demand.
Global geopolitical shifts affecting supply chains and international defense partnerships.