The sold production of parts of soil machinery in the Netherlands has shown significant fluctuations over the past decade. Starting at 14.098 million euros in 2013, the market experienced highs and lows with notable yearly variations, particularly in 2019 with a 134.39% increase. The market stood at 45.289 million euros in 2023. The most recent CAGR for the last five years (2018-2023) was remarkably strong at 29.76%. Forecasted data from 2024 to 2028 suggest a more stable growth pattern with an average yearly increase of 2.41%, translating to a 5-year growth rate of 12.66%.
Future trends to watch for:
- Potential technology advancements in soil machinery parts, which might influence production efficiencies and market value.
- Environmental regulations and agricultural policies that could impact production demands and processes.
- Changes in international trade policies and economic conditions which might affect the export-import dynamics for the Netherlands.
- Adoption of sustainable practices might push for innovation and shifts in market demand.