Forecast: Import of Machines for Public Works, Building to Thailand

The import of machines for public works and building to Thailand has shown significant fluctuations over the past decade. From a high of 63.905 million USD in 2016, it experienced sharp declines and moderate recoveries, stabilizing around 40 million USD in recent years. By 2023, the value reached 41.663 million USD, and future predictions suggest modest growth reaching 45.194 million USD by 2028. The variation percentages highlight the sector's volatility with notable swings in year-on-year growth and negative growth in several instances.

Key trends to watch:

• Continued moderate growth with a forecasted 5-year CAGR of 1.28%.
• Stabilization post-2020 with annual increases hovering around 1.65% to 1.71%.
• Potential impact of economic policies and infrastructure development plans on import volumes.