Between 2013 and 2023, the import value of tractors to Sweden exhibited considerable fluctuations. Starting at 331.46 million USD in 2013, it dipped to 289.6 million USD in 2015 before rebounding significantly to 498.75 million USD in 2023. Notably, the period from 2016 to 2023 generally saw an upward trend, with a noteworthy spike in 2017 (25.51% increase) and consistent year-on-year increases from 2019 onward. By 2023, the CAGR over the last five years stood at 3.52%.
Future trends worth monitoring include:
- Advancements in tractor technology influencing import volumes.
- Policy changes on agricultural imports and their economic impact.
- Fluctuations in global commodity prices impacting import costs.
