The import values for agricultural, bee-keeping, and germination plants in Thailand have shown a fluctuating yet overall upward trend from 2013 to 2024. As of 2023, the import value stood at 18.929 million USD. Notable year-on-year variations include significant jumps such as 138.71% in 2016 and 59.13% in 2017. The compound annual growth rate (CAGR) over the past five years leading up to 2023 was 3.88%, reflecting moderate growth dynamics.
Looking ahead to 2028, the projected CAGR is 2.63%, with an expected growth rate of 13.88% over this period. This suggests a steady increase in import values, driven by consistent demand and possibly favorable trade policies.
Future trends to watch for:
- Innovations in sustainable agricultural practices.
- Government policies impacting trade and import regulations.
- Technological advancements in bee-keeping and germination techniques.
- Impact of global environmental changes on agricultural productivity.
