The Agricultural and Forestry Machinery Manufacturing Market in Romania has shown a steady increase from 2013 to 2023. In 2023, the market size was valued at 1128.5 million euros, marking a year-on-year growth of 4.98%. The compound annual growth rate (CAGR) over the past five years was 2.42%. Significant growth peaks occurred in 2017 and 2018, while 2020 experienced a downturn due to external economic factors, recovering steadily through 2023.
Future trends to watch for include technological advancements like automation and precision farming, increasing demand for efficiency, potential subsidies for modernization, and export opportunities catalyzing further market growth.
How does Romania rank in Agricultural and Forestry Machinery Manufacturing Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 6,355,700,000 | 2023 | +0.42% | -0.088% | View data |
| 2 | 2 Poland | 1,754,200,000 | 2023 | +1.07% | -1.07% | View data |
| 3 | 3 Spain | 1,733,900,000 | 2023 | +3.35% | +1.38% | View data |
| 4 | 4 United Kingdom | 1,652,900,000 | 2023 | +1.11% | +1.06% | View data |
| 5 | 5 Romania | 1,128,500,000 | 2023 | +4.98% | +2.42% | |
| 6 | 6 Czech Republic | 883,530,000 | 2023 | +4.51% | +4.94% | View data |
| 7 | 7 Denmark | 875,460,000 | 2023 | +3.38% | +3.58% | View data |
