The export of tractors from Thailand in 2023 stood at 417.00 million USD. Analyzing the forecasted data from 2024 to 2028, we see a 3.35% year-on-year growth expected in 2024, increasing to 431.59 million USD. 2025 anticipates a 3.47% rise to 446.57 million USD; 2026 projects a 3.30% increase to 461.25 million USD; 2027 reflects a 3.13% uplift reaching 475.63 million USD, and by 2028, a 2.95% growth reaching 489.73 million USD. The 5-year compound annual growth rate (CAGR) stands at approximately 3.24%.
Future trends to watch for include:
• Technological advancements in tractor production, possibly leading to higher efficiency and increased demand.
• Global economic conditions impacting overall trade, with specific importance on trade agreements.
• Currency exchange rate fluctuations affecting export competitiveness.
• Environmental regulations influencing changes in tractor designs, possibly driving higher demand for eco-friendly models.
