The import of threshing machinery to Thailand has demonstrated fluctuations between 2013 and 2023, with significant growth spurts and declines observed year-on-year. In 2013, imports stood at 256.83 thousand kilograms while 2023 figures showed an increase to 393.85 thousand kilograms. Variations were notable with high peaks in 2015 and 2017 and subsequent drops, exemplifying volatile market conditions. Over the last five years, however, a steadier rise was noted with a Compound Annual Growth Rate (CAGR) of 7.19%.
Future trends indicate continued growth, with forecasts predicting imports to reach 474.47 thousand kilograms by 2028, reflecting a CAGR of 2.92% from 2024 onward. Short-term expectations between 2022 and 2023 are characterized by modest growth rates (4.08%), suggesting a potential moderation of earlier volatility.
Future trends to watch for include:
- Technological advancements in threshing machinery influencing import volumes
- Changes in agricultural practices and policies in Thailand
- Fluctuations in global commodity prices impacting farmer's purchasing decisions
