The sold production of parts of soil machinery in Spain shows significant variation over the years, with a notable increase from 2018 onwards. In 2023, the value stood at 109.78 million euros. The year-on-year percentage growth for 2022 was 2.65%, followed by 2.56% in 2023. The CAGR for the past five years until 2023 was 3.44%. This indicates moderate but steady growth.
Forecasts suggest a continued increasing trend up to 2028, with an average annual growth rate of 1.81% and an overall growth rate of 9.39%. Future trends to watch for include potential impacts from technological advancements in soil machinery, changing agricultural practices, and economic factors influencing the agricultural sector.
