The import of derricks, cranes, straddle carriers, and crane trucks to Thailand has experienced significant fluctuations from 2013 to 2023. The highest import value over this period was in 2013, which then saw a general downward trend until 2017. This trend reversed in 2018 with a notable increase, followed by relatively stable values in subsequent years, culminating in a value of 260.39 million USD in 2023. Over the past two years, import values showed a modest increase, specifically 2.43% in 2022 and 2.33% in 2023. The 5-year CAGR (Compound Annual Growth Rate) from 2019 to 2023 stands at 0.63%.
Looking ahead, forecasts predict a steady increase in import values from 2024 to 2028, expecting to reach 291.34 million USD in 2028. The forecasted 5-year CAGR is 1.77%, indicating moderate growth.
Future trends to watch for include:
- Increased infrastructure projects in Thailand driving demand for heavy machinery.
- Potential impact of global economic conditions and trade policies on import rates.
- Technological advancements in cranes and related machinery may influence future import preferences.
