The export of tractors from Sweden has shown fluctuating trends over the past decade. Between 2013 and 2023, the values ranged from a low of $1.49 billion in 2016 to a high of $2.27 billion in 2023. Significant drops were observed in 2014 and 2015, but the market rebounded strongly in 2017 with a 48.43% year-on-year increase. From 2017 onwards, there was mostly steady growth with minor fluctuations, and the Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) stood at approximately 2.36%.
Future trends to watch for include:
- Increased technological advancements in tractor manufacturing could boost export values.
- Potential trade policies and international market dynamics affecting the agricultural sector.
- Environmental regulations and sustainability trends influencing tractor designs and innovations.
