In 2023, the import value of machinery for preparing animal feeding stuffs to India was recorded at 17.9 million USD. Forecasts indicate a steady increase in imports for the years 2024 to 2028, with values projected to reach approximately 18.484 million USD in 2024 and 20.889 million USD by 2028. The year-on-year growth stands at around 3.75% on average, suggesting a consistent demand for such machinery.
Future trends to watch for:
- Increasing investment in the livestock and poultry sectors could boost machinery imports.
- Technological advancements may drive demand for more sophisticated machinery.
- Policy changes in import tariffs could impact future import volumes and values.