The import volume of tower cranes to Thailand fluctuated significantly from 2013 to 2023. In 2023, the volume stood at 11.483 million kilograms, showing a consistent year-on-year increase of 2.88%. From 2019 to 2023, the Compound Annual Growth Rate (CAGR) was 4.01%, indicating moderate growth over the past five years. Previous periods displayed considerable variability, with noticeable drops in 2014 and 2017, but a recovery trend starting again in 2018.
Looking forward, the forecasted data from 2024 to 2028 suggest a steady incline in import volume, with the forecasted 5-year CAGR at 2.14% and a total anticipated growth of 11.19%. By 2028, it is expected to reach 13.16 million kilograms.
Future trends to watch for include the potential impact of technological advancements in construction, shifts in domestic construction demand, and global supply chain dynamics which may influence the stability and growth of tower crane imports to Thailand. Monitoring economic factors and infrastructure projects will be key to understanding future developments.
