In 2023, Lithuania leads the European Forestry and Agricultural Machinery Production Index with a value of 37.89, showcasing significant growth. Spain and Germany follow with values of 13.49 and 12.61, respectively, indicating moderate growth. France, Italy, and Greece trail with lower index values, reflecting stable or slight decreases.
Trends from the past two years reveal that Lithuania experienced the highest year-on-year increase of 21.99% in 2022, indicating robust expansion. Spain and Germany observed moderate growth rates of 5.54% and 3.73%, respectively. France and Greece showed modest growth, with Italy experiencing a slight decline of 0.22% in the same period.
The forecast suggests continued growth in Lithuania and potential stabilization for other leading countries. Key trends to watch include technological advancements, sustainability initiatives, and policy impacts on production capacities and market demands across Europe.
Top countries in Forestry and Agricultural Machinery Production Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 378.9 | 2022 | +15.34% | +21.99% | View data |
| 2 | 2 Spain | 134.9 | 2022 | +4.33% | +5.54% | View data |
| 3 | 3 Germany | 126.1 | 2022 | +1.69% | +3.73% | View data |
| 4 | 4 France | 116.6 | 2022 | +7.96% | +2.69% | View data |
| 5 | 5 Italy | 109.7 | 2022 | +5.68% | -0.22% | View data |
| 6 | 6 Greece | 103.2 | 2022 | -7.28% | +1.44% | View data |
