The forecast for the import of pedestrian-controlled tractors to Thailand from 2024 to 2028 shows a steady increase in volume, starting at 898.42 thousand kilograms in 2024 and reaching 1064.0 thousand kilograms by 2028. This trend reflects a consistent year-on-year growth, with the volumes forecasted to increase by 4.75% from 2024 to 2025, by 4.43% from 2025 to 2026, by 4.17% from 2026 to 2027, and by 3.91% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 4.31%.
As of 2023, the import volume stood at 857.55 thousand kilograms, indicating a base from which the aforementioned forecasted increases are derived.
Future trends to watch for include advancements in agricultural technology, changes in trade policies, and shifts in domestic agricultural practices. Additionally, economic factors such as currency fluctuations and import tariffs may impact the volume of imports in the coming years. Monitoring these factors will be crucial for stakeholders in the industry.
