The forecasted import value of cranes designed for mounting on road vehicles into Thailand is set to exhibit a slight but steady decline from 2024 to 2028. Starting at 12.981 million USD in 2024, the value decreases incrementally each year, reaching 12.825 million USD by 2028. Looking back, actual data from 2023 indicated that the value stood at 13.023 million USD. Year-on-year percentage variations indicate minor reductions: -0.31% from 2023 to 2024, -0.31% from 2024 to 2025, -0.30% from 2025 to 2026, -0.30% from 2026 to 2027, and -0.30% from 2027 to 2028. Over the past 5 years, the CAGR is approximately -0.31%, indicating a slow but consistent decline.
Future trends to watch for include potential economic policies affecting import tariffs, infrastructural development projects in Thailand that could drive demand, and technological advancements in crane manufacturing that might influence market dynamics.
