The import of parts of agricultural machinery to Thailand experienced fluctuations from 2013 to 2023, with values ranging between $7.65 million and $13.86 million. The year-on-year percentage variations and compound annual growth rates (CAGR) highlight periods of significant decline and recovery. For 2023, the import value stood at $13.284 million, representing a 2.74% increase from the previous year. Over the past five years, the sector saw a moderate CAGR of 3.49%.

Forecasts predict a steady growth trend in imports, reaching $14.953 million by 2028. The five-year forecasted CAGR from 2023 to 2028 is 1.87%, indicating gradual expansion in this market segment.

Future trends to watch for:

Improvements in agricultural technology driving increased demand for specialized machinery parts.
Regional economic policies and trade agreements influencing import volumes.
Impact of global supply chain dynamics and manufacturing disruptions on the availability and cost of parts.