The import of rollers, soil preparation, and cultivation machinery to Thailand has experienced various fluctuations over the past decade. In 2023, the value stood at 1.8074 million US dollars. The last two years showcased a moderate increase with a year-on-year variation of 3.44% in 2022 and 3.26% in 2023. The five-year CAGR from 2018 to 2023 registered at 1.67%. The forecasted data from 2024 to 2028 predicts a steady rise, with an anticipated five-year CAGR of 2.4%, resulting in a forecasted growth rate of 12.59% by 2028.
Future trends to watch for include:
- Technological advancements in agricultural machinery may lead to increased demand.- Economic policies and trade agreements could impact import values.- Environmental concerns and sustainable practices might influence the market dynamics.