In 2023, the import value of hay tedders, rakes, and other haymaking machinery to India was s.155. The forecast from 2024 to 2028 indicates a consistent decline, with values declining annually from s.159.67 in 2024 to s.110.99 in 2028. Year-on-year percentage variation highlights a decreasing trend, notably a 7.85% drop annually. The compound annual growth rate (CAGR) over this period forecasts a downward trajectory, averaging a -7.5% decrease per year.

Future trends to watch for include:

Technological advancements improving local machinery efficiency could reduce imports.
Economic factors such as currency fluctuations might influence import costs.
Policies promoting domestic manufacturing may further impact import levels.