In 2023, the import of machinery for preparing animal feeding stuffs to Thailand stood at USD 9.043 million. The forecasted values show a steady increase each year, reaching USD 10.447 million by 2028. This indicates a consistent year-on-year growth, with variations as follows: +3.14% in 2024, +3.11% in 2025, +2.95% in 2026, +2.80% in 2027, and +2.68% in 2028. Over this projected period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 3.13%, reflecting a stable positive trend.
Future trends to watch for include technological advancements in machinery that could improve efficiency and cost-effectiveness for animal feed production. Additionally, changes in animal husbandry practices, evolving dietary needs, and regulatory policies related to animal feed can significantly impact import volumes. Monitoring these aspects will be crucial for understanding and anticipating future market dynamics.