Historical and Forecast Data
The import value of Seeders, Planters, and Transplanters to India has seen significant fluctuations over the years. In 2013, it was $7.1973 million, peaking at $7.73 million in 2014, and then declining sharply to $2.0818 million by 2023. The average annual variation (CAGR) over the last five years projected a decline of -4.77%, indicating a steady decrease in import values.
Year-on-Year Variations & Trends
- 2013: +22.31%, CAGR: +24.1%
- 2014: +7.4%, CAGR: +10.77%
- 2015: -50.81%, CAGR: -3.08%
- 2016: +40.69%, CAGR: +12.21%
- 2017: -41.11%, CAGR: -11.75%
- 2018: -33.96%, CAGR: -21.98%
- 2019: +20.58%, CAGR: -20.16%
- 2020: -4.38%, CAGR: -8.8%
- 2021: -4.49%, CAGR: -15.6%
- 2022: -4.61%, CAGR: -7.05%
- 2023: -4.73%, CAGR: +0.015%
Future Trends to Watch
Given the consistent decline in import values, stakeholders should monitor the impact of domestic manufacturing capabilities and government policies on agricultural machinery. Advancements in technology and changes in farming practices may also influence future import trends.
