The Agricultural and Forestry Machinery Manufacturing market in Denmark has shown fluctuating growth over the past decade. Starting from a value of €653.06 million in 2012, the market saw a steady increase, peaking at €815.69 million in 2017. However, it faced a downturn in 2018 to €734.44 million, followed by moderate recovery over the next few years, reaching €809.66 million by 2022. Year-on-year variations reveal notable spikes and dips, with a -9.96% decrease in 2018 and a 7.48% rise in 2020. Over the last five years, the compound annual growth rate (CAGR) has averaged to -0.15%, indicating slight but persistent market contraction.
Looking forward into 2024 and beyond, several trends are critical to monitor:
- Adoption of advanced technologies like AI and IoT in machinery.
- Increased focus on sustainable and eco-friendly agricultural practices.
- Government policies and subsidies affecting machinery market dynamics.
- Fluctuations in global commodity prices impacting machinery demand.
How does Denmark 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 |
| 6 | 6 Czech Republic | 883,530,000 | 2023 | +4.51% | +4.94% | View data |
| 7 | 7 Denmark | 875,460,000 | 2023 | +3.38% | +3.58% | |
| 8 | 8 Hungary | 681,220,000 | 2023 | +4.53% | +0.6% | View data |
| 9 | 9 Portugal | 586,890,000 | 2023 | +3.26% | +2.43% | View data |
