Thailand's import of track-laying tractors (crawlers) experienced significant fluctuations over the past decade. From 2013 to 2023, the import value declined dramatically from 23.018 million USD to 4.6921 million USD. Despite some periods of growth, such as a notable increase of 139.29% in 2018, the overall trend has been a downward trajectory, highlighted by a sharp annual decrease of 10.99% in 2023. This year stood at 4.6921 million USD.
Forecast data from 2024 to 2028 predict a continuing decline, with a compound annual growth rate (CAGR) of -16.3%, indicating a significant reduction in imports. By 2028, imports are expected to drop to 1.6666 million USD, marking a decrease of 58.91% over five years.
Future trends to watch for include potential changes in Thailand's agricultural policies, shifts in domestic manufacturing capabilities of track-laying tractors, and broader economic factors that could influence machinery imports. Additionally, technological advancements in crawler tractors and increased competition from other machinery types could further impact import values.
