The Agricultural and Forestry Machinery Manufacturing market in Estonia, expressed in million euros, stood at 224.37 in 2023. The market experienced fluctuations from 2013 to 2023, with notable drops in 2014 and 2015, followed by a substantial increase in 2016. The market was relatively stable from 2019 onward, with minor variations. The year-on-year growth for 2023 was modest at 0.89%. The five-year CAGR leading up to 2023 was -0.68%, indicating a slight average annual decline over this period.
Future trends to watch for:
- Technological advancements in machinery that could drive market growth.
- Environmental regulations impacting equipment design and demand.
- Potential shifts in agricultural practices influencing machinery needs.
How does Estonia rank in Agricultural and Forestry Machinery Manufacturing Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 6,355,700,000 | 2023 | +0.42% | -0.088% | View data |
| 2 | 2 Poland | 1,754,200,000 | 2023 | +1.07% | -1.07% | View data |
| 3 | 3 Spain | 1,733,900,000 | 2023 | +3.35% | +1.38% | View data |
| 4 | 4 United Kingdom | 1,652,900,000 | 2023 | +1.11% | +1.06% | View data |
| 5 | 5 Romania | 1,128,500,000 | 2023 | +4.98% | +2.42% | View data |
| 9 | 9 Portugal | 586,890,000 | 2023 | +3.26% | +2.43% | View data |
| 10 | 10 Ireland | 431,500,000 | 2023 | +4.42% | +3.75% | View data |
| 11 | 11 Estonia | 224,370,000 | 2023 | +0.89% | -0.68% | |
