The forecast indicates a gradual increase in the import of combine harvester-threshers to India, with values rising from 46.933 million USD in 2024 to 56.422 million USD in 2028. In 2023, the actual import value was slightly lower, illustrating a consistent upward trend. Year-on-year variations show moderate growth: from 2024 to 2025 by 5.2%, 2025 to 2026 by 4.8%, and continuing similarly for the subsequent years. The CAGR for this five-year period stands at approximately 4.5%, highlighting stable growth expectations.
Future trends to watch for include:
- Technological advancements in agricultural machinery which may impact import demand.
- Policy shifts in India toward self-reliance which could reduce dependence on imports.
- Economic factors such as exchange rates and trade agreements affecting import costs.