Analysis of the Agricultural Trailers Market Size Value in Belgium from 2012-2022 reveals several notable trends. Starting at $32.777 million in 2012, the market saw a general decline up to 2015, with values dropping to $28.608 million. From 2016 onward, the market rebounded, reaching its peak in 2019 at $36.609 million. Despite a significant drop in 2020 to $29.761 million, the market recovered to $36.299 million by 2022.
Year-on-year variations for 2022 show a growth rate of 5.9%, and the five-year CAGR leading up to 2022 stood at 2.47%. For 2023 (actual value), the market positioned at $37.048 million.
Future trends to watch for:
- Technological advancements in agricultural machinery.
- Sustainability initiatives may drive demand for high-efficiency trailers.
- Government policies and subsidies impacting the agriculture sector.
How does Belgium rank in Agricultural Trailers Market Size Value?
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 444,810,000 | 2023 | +2.04% | +1.89% | View data |
| 2 | 2 Germany | 378,560,000 | 2023 | +7.84% | +10.31% | View data |
| 3 | 3 France | 153,290,000 | 2023 | +1.09% | +0.83% | View data |
| 4 | 4 Sweden | 71,639,000 | 2023 | +3.93% | +3.87% | View data |
| 5 | 5 Italy | 61,278,000 | 2023 | +1.75% | +2.73% | View data |
| 7 | 7 United Kingdom | 46,193,000 | 2023 | -5.93% | -5% | View data |
| 8 | 8 Denmark | 42,183,000 | 2023 | +3.07% | +3.55% | View data |
| 9 | 9 Belgium | 36,514,000 | 2023 | +0.59% | +1.22% | |
| 10 | 10 Slovakia | 8,394,900 | 2023 | -3.24% | -2.99% | View data |
| 11 | 11 Moldova | 2,402,400 | 2023 | +3.35% | +2.87% | View data |
