The Agricultural and Forestry Machinery Manufacturing Market in Spain saw fluctuations between 2012 and 2022, with values decreasing significantly from 6.2555 million in 2012 to around 4.8089 million in 2022. The period experienced variability, with peaks and troughs, including a sharp downturn of 19.62% in 2017 and modest recovery periods such as the 9.3% increase in 2018. Notably, the years 2019 and 2021 reflected notable declines. On average, the compound annual growth rate (CAGR) from 2018 to 2022 was -1.06%, indicating an overall long-term decline.
Looking ahead, key trends to monitor include technological advancements in machinery for increased efficiency, sustainable and eco-friendly equipment solutions, and the potential impact of government initiatives and subsidies on the market. Additionally, shifts in global trade and potential supply chain disruptions will likely influence market dynamics.
