The import of milking machines and dairy machinery to India stood at 31.07 million USD in 2023, showing a steady upward trend with a year-on-year growth rate of approximately 3.15%. Examining the overall trend from 2013 onward indicates significant fluctuations in annual growth rates, with the peak growth rate observed in 2015. The last five years exhibited a more stable growth pattern with an approximate CAGR of 2.12%. Forecasts suggest continued moderate growth, reaching about 35.53 million USD by 2028, reinforcing the upward trend.
Future trends to watch for include innovations in dairy technology, government policies promoting dairy industry modernization, and potential changes in import tariffs affecting machinery costs. The industry's evolving needs towards automation and efficiency may also drive increased imports.
