In 2023, the import of metal sawing or cutting-off machines to Thailand was 6.5218 million kilograms. Analyzing year-on-year changes, there was a slight increase of 1.19% from 2022 and a previous increase of 1.23% from 2021 to 2022. Over the last five years (2019-2023), the CAGR (Compound Annual Growth Rate) stood at 1.22%, indicating marginal growth.
Future trends to watch for:
• Projected growth is expected to continue at a modest pace with a forecast CAGR of 0.94% from 2024 to 2028.
• The cumulative growth rate over the next five years is anticipated to be around 4.79%, reflecting steady yet slow progress in the import of these machines.
