In 2023, Germany's import of agricultural, horticultural, or forestry machinery stood at 640 million US dollars. In 2024, the forecasted value is 653.84 million, with subsequent years showing a steady increase to 702.77 million by 2028. Year-on-year, the variations are approximately 1.9% from 2024 to 2025, 1.9% from 2025 to 2026, 1.8% from 2026 to 2027, and 1.7% from 2027 to 2028. Over the next five years, a Compound Annual Growth Rate (CAGR) of approximately 2% is projected.
Future trends to watch for:
- Technological advancements driving machinery efficiency, potentially increasing demand.
- Fluctuations in global agricultural policies that may impact import dependencies.
- Economic shifts within the European Union influencing trade incentives and barriers.