In Russia, sales of domestic agricultural machinery decreased by 17%, while sales of foreign agricultural machinery decreased by 25%

09:07; 04 February 2025 year

According to the results of 2024, a significant drop in the agricultural machinery market was recorded in Russia. This is reported by "Kommersant".

Sales of domestic-made machinery decreased by 17.6% year-on-year to 198.4 billion rubles, while sales of foreign-made machinery decreased by 25%.> Among the main reasons for the fall, market participants cite the high Central Bank rate, declining profitability among farmers, rising production costs of machinery, and insufficient government funding.

According to their forecasts, the market will continue to decline to 12% in 2025, which will be the most serious challenge for the industry in the last 20 years.

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