In 2023, the import of linear acting hydraulic power engines and motors to Thailand stood at an actual value of $67.872 million. Forecasted values for subsequent years show a steady increase: $70.015 million in 2024, $72.393 million in 2025, $74.723 million in 2026, $77.006 million in 2027, and $79.243 million in 2028. This indicates a sustained growth trend.
Year-on-year variations are as follows:
- 2024: 3.16%
- 2025: 3.39%
- 2026: 3.22%
- 2027: 3.05%
- 2028: 2.91%
The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) averages around 3.15%, reflecting consistent upward momentum in imports.
Future trends to watch include potential geopolitical and economic shifts that might impact trade policies, technological advancements in hydraulic power engines that could affect demand, and Thailand's industrial activities which would drive the need for these imports. Additionally, global supply chain constraints and innovations in alternative technologies might influence these projections.
