The import of tractors with an engine power greater than 59 kW to the UK is forecasted to rise from 18.72 thousand items in 2024 to 18.9 thousand items by 2028. The year-on-year growth is marginal, with each year witnessing a minimal increase in the range of 0.27% to 0.28%. By analyzing these increments, the compound annual growth rate (CAGR) over this five-year period stands around 0.24%. In 2023, this figure was recorded below the forecasted 2024 value, indicating a stable yet sluggish growth trajectory.
Future trends to watch for include technological advancements in tractor efficiency and sustainability, potential shifts in trade policies post-Brexit, and global economic conditions affecting agricultural investments. These factors could either bolster or hinder the expected steady growth in tractor imports to the UK.
