In 2023, Finland led European sold production of forestry machinery with €861.49 million, followed by Austria (€104.95 million) and Sweden (€96.29 million). Year-on-year variations depict a general stability with Finland experiencing a 3.9% increase, while Austria and Denmark saw decreases of 0.82% and 10.41%, respectively. Germany, UK, and Sweden showed minimal growth (0.064%, 0.26%, and 0.21%). Notable increases occurred in Portugal (28.74%) and Spain (21.47%), indicating significant market movements.
Over a five-year span, Finland maintains a predominant position, with consistent market size increases. In contrast, countries like Hungary and Estonia, despite their smaller market segments, show declining trends with drops of 8.09% and 8.22%, respectively.
Looking ahead, pay attention to Portugal and Spain for potential substantial growth as well as steady uptrends in Finland. Emerging markets and technological advancements in forestry machinery could diversify and reinvigorate the industry landscape further.
Top countries in Sold Production of Forestry Machinery by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 861,490,000 | 2023 | +9.11% | +3.9% | View data |
| 2 | 2 Austria | 104,950,000 | 2023 | +6.22% | -0.82% | View data |
| 3 | 3 Sweden | 96,290,000 | 2023 | -0.19% | +0.21% | View data |
| 4 | 4 United Kingdom | 30,670,000 | 2023 | +1.23% | +0.26% | View data |
| 5 | 5 Germany | 26,974,000 | 2023 | +5.43% | +0.064% | View data |
| 6 | 6 Czechia | 17,662,000 | 2023 | |||
| 7 | 7 Portugal | 12,262,000 | 2023 | +50.85% | +28.74% | View data |
| 8 | 8 Spain | 7,367,400 | 2023 | +20.97% | +21.47% | View data |
| 9 | 9 Lithuania | 7,277,400 | 2023 | +5.48% | +7.4% | View data |
| 10 | 10 Denmark | 4,837,700 | 2023 | -21.29% | -10.41% | View data |
