The import of agricultural, horticultural, or forestry machinery to the US is expected to steadily grow from 2024 to 2028, with projected values ranging from $851.75 million in 2024 to $906.55 million in 2028. This indicates a consistent yearly growth trajectory. The imports of 2023 stood at approximately $838 million, showing an incremental movement year-on-year by around 1.7%-1.8% leading up to 2024. The compound annual growth rate (CAGR) from 2024 through 2028 is indicative of moderate but steady increase.
Future trends to watch for include potential technological advancements in machinery that could increase imports further. Additionally, changes in agricultural practices, trade policies, and economic conditions might influence the pace of growth in machinery imports. Monitoring global supply chain dynamics and innovation in sustainable equipment will be crucial for foreseeing shifts in import patterns.
