The import of harvesting, produce cleaning, and grading machinery to Spain stood at 251.1 million USD in 2023. From 2013 to 2023, the import values have shown variability with notable declines, particularly in 2015, 2016, and 2020. Despite some recovery years such as 2018 and 2021, the overall trend seems modest but steady growth.
Analyzing the last two years, from 2021 to 2023, the year-on-year variation has stabilized with incremental increases of approximately 0.25% annually. The compound annual growth rate (CAGR) over the past five years, ending in 2023, indicates a slight negative growth at -0.86%.
From 2024 onward, forecasts predict a steady yet minimal growth rate in the imports. The projected CAGR for the next five years is approximately 0.2%, with an expected overall growth rate of 1.01% by 2028.
Future trends to watch for include innovation in agricultural technology, potential economic shifts within the European Union, and trade policies that could impact Spain’s import dynamics. Market players should also monitor any significant changes in Spain's agricultural sector, particularly the adoption of automated and advanced machinery.