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New geopolitical scenarios are radically changing the geography of international trade, favoring nearshoring activities. The paradigm shift in the global trade system is shining a spotlight on the strategic importance of the Mediterranean region

Uncertainty related to the conflicts in Ukraine and the Middle East, the increase in purchase prices and the increase in interest rates are slowing down the market, which between January and July reported declines in Europe, the United States, India and Turkey

In 2023, growth in the agri-mechanical market slowed, with double-digit declines in some countries. Geopolitical tensions, inflation and rising interest rates are the factors that have affected the sector