The forecasted import of parts of agricultural machinery to Denmark showcases a slight decline from 2024 to 2028, starting at 71.051 million USD in 2024 and decreasing gradually each year to 69.871 million USD by 2028. This data indicates a compound annual growth rate (CAGR) of approximately -0.33% over the five-year period. Compared to 2023, the import value was higher, leading to a noticeable downward trend in subsequent years.
Future trends to watch for include:
- Shifts in agricultural policies or subsidies in Denmark that could affect import demand.- Technological advancements in agricultural machinery that may alter the parts market.- Economic fluctuations impacting the buying power of agricultural businesses.- Trade agreements or tariffs influencing import costs and volume.
