The forecast for the import of tractors to Denmark for the period from 2024 to 2028 shows a steady increase, starting from 258.87 million USD in 2024 to 263.9 million USD in 2028. Comparing the forecast values with 2023 indicates an overall growth pattern. The year-on-year variation in percentage from 2024 to 2025 is approximately 0.5%, from 2025 to 2026 is about 0.5%, 2026 to 2027 is around 0.5%, and from 2027 to 2028 is around 0.5%. The Compound Annual Growth Rate (CAGR) over the five-year period is about 0.5%.
Future trends to watch for include potential impacts from technological advancements in agricultural machinery, changes in agricultural policies and subsidies, economic conditions affecting farmers’ purchasing power, and fluctuations in exchange rates. Additionally, environmental regulations and the push for sustainable farming practices could influence the types and volumes of tractors imported into Denmark.
