The European Forestry and Agricultural Machinery Production Index in 2023 saw Lithuania leading significantly with a value of 38.18. Spain, Germany, France, and Italy followed, all with values between 11.06 and 13.49. Greece had the lowest index at 10.3. Over the last two years, Lithuania had a remarkable year-on-year growth of 22.38% in 2022, whereas Italy experienced a slight decline of 0.38%. Germany, France, and Greece recorded moderate increases, and Spain had a growth of 5.54%. The five-year CAGR indicates consistent growth across most countries, highlighting Lithuania's robust industrial performance.
Future trends to watch for include technological advancements spurring productivity and sustainability measures affecting machinery demand. The economic and regulatory environment will also play crucial roles in shaping the industry's dynamics. Countries like Germany may focus on innovative technologies to maintain competitiveness, while others might emphasize strengthening market presence and operational efficiency.
Top countries in Forestry and Agricultural Machinery Production Index by Country
| # | 6 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 381.8 | 2022 | +15.98% | +22.38% | View data |
| 2 | 2 Spain | 134.9 | 2022 | +4.33% | +5.54% | View data |
| 3 | 3 Germany | 125.7 | 2022 | +1.95% | +3.61% | View data |
| 4 | 4 France | 116.1 | 2022 | +8.4% | +2.52% | View data |
| 5 | 5 Italy | 110.6 | 2022 | +6.96% | -0.38% | View data |
| 6 | 6 Greece | 103 | 2022 | -7.46% | +1.42% | View data |
