The sold production of agricultural and forestry machinery in Denmark demonstrated fluctuations from 2013 to 2023. From a peak of 455.18 million euros in 2013, the value exhibited a downward trend until 2017, followed by minor recoveries and declines. A significant surge occurred in 2021, marking a peak increase, but slight decreases and moderate gains characterized 2022 and 2023. In 2023, the value stood at 564.18 million euros, marking a year-on-year increase of 2.33%, while the compound annual growth rate (CAGR) over the last five years was 4.79%.
Future trends indicate a gradual and steady increase in production, with a forecasted CAGR of 1.66% over the next five years. This growth is expected to reach 626.49 million euros by 2028, signifying an 8.6% overall increase from 2023 to 2028.
Key trends to watch for include technological advancements in machinery, sustainability efforts in agricultural practices, and potential impacts from economic factors on production efforts.
