The import of self-propelled forage harvesters to Belgium has experienced notable fluctuations over the past decade. In 2023, imports stood at 57 units, a slight decline of 6.56% from the previous year. This decline follows a sharp drop in 2022 after a significant rise in 2021. Over the last five years, the CAGR for imports is at 9.63%, reflecting some positive growth despite year-on-year variations. However, forecasts indicate a decrease in imports, with the forecasted CAGR for 2024-2028 at -5.95%, projecting a 26.42% overall decline in this period.

Future trends to watch for:

Shifts in domestic agricultural policy and subsidies affecting demand for forage harvesters.
Technological advancements in forage harvester efficiency and sustainability.
Economic conditions and their impact on agricultural investments.
Possible changes in trade agreements or import tariffs influencing market dynamics.