The import of new agricultural and forestry wheeled tractors with an engine power of 59 kW to 75 kW to Italy is expected to decline gradually from 2024 to 2028. The forecasted year-on-year changes indicate a consistent reduction, with an annual decrease in volume: 3.4% from 2024 to 2025, 3.4% from 2025 to 2026, 3.4% from 2026 to 2027, and 3.5% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period reflects an average yearly decrease of 3.4%. In 2023, the import volume measurement stood as the baseline for these projections, indicating a previously stable or declining trend.
Future trends to watch for:
- The possible impact of technological advancements in agricultural machinery, potentially shifting demand.
- Economic policies and regulations in Italy and the European Union affecting imports.
- Changing agricultural practices and decreasing rural labor force influencing machinery requirements.
- Environmental concerns and the drive for sustainable farming possibly altering the import mix.
