From 2013 to 2023, Thailand's import of parts for agricultural, forestry, and bee-keeping machines has exhibited significant fluctuations. In 2023, the import volume stood at 813.89 Thousand Kilograms. Key observed trends include a sharp increase in 2015 by 142.69% and subsequent declines in 2016 and 2017 by -17.22% and -25.43% respectively. The period between 2018 and 2023 reflected moderate growth, with year-on-year variations fluctuating between -13.82% and 24.84%. The 5-year CAGR leading up to 2023 was 4.38%.

Future trends to watch for:

Stable growth forecast with a 5-year CAGR of 2.39%, indicating gradual market recovery.
Projected growth rate over the next five years is expected to reach 12.53% by 2028.
Technological advancements in agriculture and forestry machinery potentially driving demand.
Evolving policies in import regulations and impacts of climate change on agricultural practices.
Rising global demand for sustainable and efficient agriculture solutions.