Over the past decade, the Soil Machinery Parts market in Finland has exhibited a downward trend. Between 2012 and 2016, the market saw modest growth with a peak in 2016, followed by a significant downturn starting in 2017. The market declined consistently from 2017 to 2022, with notable year-on-year decreases of -14.02% in 2017 and -6.6% in 2018. The market size value in 2023 stood at 11.733 million Euros, which is a marked decrease from its earlier peak.
Breaking down the more recent period:
- Last two years: -1.34% decrease in 2022 from the previous year.
- CAGR over the last five years: -1.77%, indicating a consistent reduction in market size.
Future trends to watch for include technological advancements in soil machinery, which may drive market growth, and increased focus on sustainable agriculture practices, which could alter the demand for specific types of machinery parts. Additionally, economic factors such as domestic investment in agriculture and global supply chain disruptions could significantly impact market dynamics.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 393,220,000 | 2023 | +1.25% | +2.21% | View data |
| 2 | 2 United Kingdom | 128,530,000 | 2023 | -0.048% | +0.044% | View data |
| 3 | 3 Czech Republic | 123,190,000 | 2023 | +2.4% | +3.23% | View data |
| 4 | 4 Denmark | 109,940,000 | 2023 | +2.46% | +6.78% | View data |
| 5 | 5 Romania | 67,571,000 | 2023 | +4.37% | +2.71% | View data |
| 7 | 7 Bulgaria | 22,158,000 | 2023 | +0.11% | -0.051% | View data |
| 8 | 8 Greece | 18,021,000 | 2023 | +1.43% | +0.78% | View data |
| 9 | 9 Finland | 11,772,000 | 2023 | -0.92% | -0.35% | |
