Forecast: Import of Parts for Soil Preparation or Cultivation Machinery to Thailand

The import of parts for soil preparation or cultivation machinery to Thailand has displayed noticeable variability from 2013 to 2023. It experienced fluctuations with significant declines in 2014 and 2020, but overall, there was a growth trend evident over the decade. By 2023, imports stood at 10.219 million kilograms, reflecting a year-on-year increase of 2.19%. Over the past five years, the CAGR was 3.1%, indicating moderate annual growth.

Forecasts from 2024 to 2028 suggest continued growth, albeit at a slightly lower CAGR of 1.67%. The projected increase in import volume will reach 11.364 million kilograms by 2028, marking an 8.64% overall growth from 2023.

Future trends to watch include technological advancements in agriculture, changes in global trade policies, and shifts in domestic agricultural policies, all of which could impact import volumes. Monitoring these trends will be crucial for anticipating future market dynamics.