The sold production of agricultural and forestry machinery in Austria has experienced notable fluctuations from 2013 through 2023, peaking dramatically in 2017. The value stood at 2247.2 million Euros in 2023. Major variations occurred particularly in 2017 with a growth of 336.35% and a subsequent period of stabilization and moderate declines. The year 2020 showed a significant dip of -36.92% from the previous year. The past two years witnessed a recovery with 15.15% and 11.62% increases in 2022 and 2023, respectively.
The forecast data from 2024 to 2028 predicts a steady growth trend with an average annual increase of 2.33%, translating to a total growth of 12.21% over this period.
Future trends to watch for include increasing technological advancements in machinery, the impact of environmental policies, and fluctuations in agricultural commodity prices that could affect overall production values. Euro exchange rates and EU agricultural policies will also be crucial factors influencing market performance.
