The forestry and agricultural machinery production value in the Netherlands has experienced fluctuations over the past decade. Starting at 2.08 billion euros in 2013, it saw a general upward trend despite some declines, including a notable decrease of -7.61% in 2020. By 2023, the value stood at 3.0 billion euros. The average annual growth rate (CAGR) over the past five years is 3.33%.
Year-on-year variations indicate significant growth periods, such as a 10.68% increase in 2021, and challenges, such as a decline in 2020. The forecast up to 2028 suggests a steady growth rate with a CAGR of 2.24%, leading to a projected value of 3.46 billion euros by 2028.
Future trends to watch include technological advancements in machinery, sustainable practices influencing production, and economic shifts impacting demand. Monitoring these factors will be essential for understanding the sector's trajectory.
