The import of blades for agricultural and forestry machinery to Thailand shows a steady growth over the forecast period from 2024 to 2028. The value is expected to increase from 11.837 million USD in 2024 to 13.699 million USD in 2028. This represents a year-on-year growth rate of approximately 4.05% from 2024 to 2025, 3.83% from 2025 to 2026, 3.60% from 2026 to 2027, and 3.41% from 2027 to 2028. The compound annual growth rate (CAGR) for the entire period is about 3.72%.
In 2023, the import value stood at an estimated 11.399 million USD. Given the consistent growth, future trends to watch include:
- Technological advancements in agricultural and forestry machinery impacting blade demand.
- Thailand's economic policies on import regulations and tariffs.
- Market demand fluctuations driven by agricultural productivity and forestry activities.
Overall, the forecast indicates a stable upward trend in the import of blades, reflecting robust demand and potential market expansion.