The forecast for the import of milking machines and dairy machinery to Thailand shows a consistent decline from 2024 through 2028. In 2023, the actual import value was 1.71 million USD. The year-on-year variation reveals a steady decrease: a drop of 7.3% in 2025, 7.7% in 2026, 8.2% in 2027, and 8.8% in 2028. Over the last two years, variations confirm the downward trend. The five-year compound annual growth rate (CAGR) indicates an average annual decline of 8.05%.
Future trends to watch for include advancements in local dairy farming technology, potential economic fluctuations that could affect import budgets, and any shifts in trade policies that could either hinder or boost import activities. Monitoring technological innovation within Thailand's dairy sector is critical as it could reduce dependency on imported machinery.