In 2023, Greece led the European import market of hay-making machinery with a 16.97% share, despite a notable decline of 7.06% from the previous year. The United Kingdom and Romania followed with 14.23% and 12.33% respectively, both facing minor losses. In contrast, France and Germany witnessed growth, with France up by 2.4% and Germany by 3.55%. Italy faced the steepest drop, plummeting by 19.71%, while Ireland surged by 36.41%. Other notable increases include the Netherlands with 18.23% and Belgium with 12.24%. Overall, the compound average growth rate over the past five years highlights a dynamic, albeit slightly volatile, market environment.
Looking ahead, the hay-making machinery import landscape in Europe is expected to see:
- A potential increase in demand as environmental sustainability and technological advancements drive modernization in agricultural practices.
- Continued volatility due to geopolitical developments and economic changes within the EU.
- An ongoing recovery in markets that experienced recent declines, fueled by potential trade agreements and policy support for agricultural innovations.
Top countries in Import of Hay-Making Machinery Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 16.97 | 2023 | +16.18% | -7.06% | View data |
| 2 | 2 United Kingdom | 14.23 | 2023 | +2.83% | -1.97% | View data |
| 3 | 3 Romania | 12.33 | 2023 | +3.42% | -3.12% | View data |
| 4 | 4 France | 11.08 | 2023 | +3.05% | +2.4% | View data |
| 5 | 5 Germany | 10.35 | 2023 | +2.17% | +3.55% | View data |
| 6 | 6 Italy | 7.13 | 2023 | +1.65% | -19.71% | View data |
| 7 | 7 Ireland | 4.56 | 2023 | +13.18% | +36.41% | View data |
| 8 | 8 Netherlands | 4.24 | 2023 | +13.56% | +18.23% | View data |
| 9 | 9 Denmark | 4.12 | 2023 | +6.5% | +2% | View data |
| 10 | 10 Belgium | 3.8 | 2023 | +27.88% | +12.24% | View data |
