The Soil Machinery Parts Market in Romania has shown variability over the past decade. From 2013 to 2023, market value grew from 38.94 million euros to 67.571 million euros. During these years, the market experienced significant fluctuations, with the highest growth of 25.49% in 2017, and a notable decline of 7.88% in 2020. Over the last five years, the compound annual growth rate (CAGR) was 2.71%. By 2023, the market demonstrated a moderate year-on-year growth of 4.37%.
Future trends to watch include:
- Technological advancements in machinery parts.
- Potential government policies affecting agricultural sustainability.
- Growth in agricultural activities and infrastructure development.
- Increasing global demand for agricultural products influencing local demand for soil machinery parts.
How does Romania rank in Soil Machinery Parts Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 393,220,000 | 2023 | +1.25% | +2.21% | View data |
| 2 | 2 United Kingdom | 128,530,000 | 2023 | -0.048% | +0.044% | View data |
| 3 | 3 Czech Republic | 123,190,000 | 2023 | +2.4% | +3.23% | View data |
| 4 | 4 Denmark | 109,940,000 | 2023 | +2.46% | +6.78% | View data |
| 5 | 5 Romania | 67,571,000 | 2023 | +4.37% | +2.71% | |
| 6 | 6 Croatia | 49,433,000 | 2023 | +5.4% | +3.49% | View data |
| 7 | 7 Bulgaria | 22,158,000 | 2023 | +0.11% | -0.051% | View data |
