In 2023, Poland led the European road freight volume of the agricultural machinery wholesale sector with 51.58 million tonne kilometers, a year-on-year variation of 1.44%. Lithuania followed with 25.27 million tonne kilometers, and a 0.6% yearly increment. Conversely, Spain and France noted downtrends at -3.25% and -21.66%, respectively. Romania and Slovakia exhibited significant growth at 20.79% and 29.2%, while Austria and the Czech Republic improved by 14.87% and 12.89%. Denmark remained stable. Portugal, Greece, and Croatia held minimal shares of 0.3 million tonne kilometers each, with Portugal decreasing by -19.73%. The emphasis on longitudinal analysis shows that the overall sector experiences volatility, with certain countries demonstrating exponential growth while others decline. The five-year compound annual growth rate suggests marginal shifts year over year.
Future trends to watch for include potential growth in Central and Eastern European countries like Romania and Slovakia, as they continue to expand their market presence. Stable markets like Poland and Lithuania are expected to continue their steady growth trajectories, while countries like Spain and France may need strategic interventions to combat the visible declines. Additionally, observing the impacts of EU policy changes and environmental regulations on the sector will be crucial for anticipating market adjustments.
Top countries in Road Freight Volume of Agricultural Machinery Wholesale Sector Share by Country (Million Tonne Kilometers)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Poland | 51.58 | 2023 | +1.11% | +1.44% | View data |
2 | 2 Lithuania | 25.27 | 2023 | +163.08% | +0.6% | View data |
3 | 3 Spain | 5.76 | 2023 | +62.5% | -3.25% | View data |
4 | 4 Denmark | 5.76 | 2023 | +85.71% | 0% | View data |
5 | 5 Romania | 2.66 | 2023 | +200% | +20.79% | View data |
6 | 6 Slovakia | 2.66 | 2023 | +28.57% | +29.2% | View data |
7 | 7 France | 2.66 | 2023 | -28% | -21.66% | View data |
8 | 8 Austria | 2.07 | 2023 | +7.69% | +14.87% | View data |
9 | 9 Czech Republic | 1.63 | 2023 | 0% | +12.89% | View data |
10 | 10 Sweden | 0.59 | 2022 | -55.56% | View data |