The export of tractors from Italy has shown a declining trend over the past decade. Starting from 2013 with a value of 2.4941 Billion USD, the exports have dropped consistently, reaching 1.5606 Billion USD in 2023. Year-on-year variations indicate significant declines, with the most dramatic decreases witnessed between 2014 and 2016. The five-year CAGR leading up to 2023 was -1.14%, signifying a steady reduction in export value. Forecasts from 2024 to 2028 predict a continued decline with an estimated CAGR of -1.12% over these years.
The future trends to observe include potential shifts in global demand, emerging markets, changes in agricultural practices, and technological advancements in tractor manufacturing. Monitoring trade policies and economic conditions in major import regions will be essential for understanding ongoing and future export trends.
