Forecast: Import of New Agricultural and Forestry Wheeled Tractors of an Engine Power More than 90 kW to the UK

In analyzing the import trends of new agricultural and forestry wheeled tractors with an engine power of more than 90 kW to the UK, it is noticeable that the forecasted data from 2024 to 2028 shows a steady increase from 11.36 to 12.16 thousand units. Assuming a consistent rise from 2023 levels, this growth trend signifies a moderately optimistic outlook for tractor imports, driven by advancements in agricultural technology and increased demand for efficient machinery. Year-on-year, the growth is around 1.76% each year, while the Compound Annual Growth Rate (CAGR) over the five-year period is approximately 1.7%.

Future trends to watch for include:

  • Technological advancements in tractor design and efficiency driving demand.
  • Potential trade policy changes affecting import costs and supply chains.
  • Economic factors such as subsidies and agricultural investments influencing importation rates.
  • Environmental regulations pushing for more sustainable and energy-efficient tractors.

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