The import of live horses, asses, mules, and hinnies to India is projected with a steady increase from 2024 to 2028. In 2023, imports stood at a lower baseline, highlighting an upward trajectory with an average annual growth (CAGR) observed over the next five years. This suggests a stable growth pattern each year with incremental increases in financial input.
Key trends to watch include:
- Market demand and economic factors influencing import values.
- Policy changes and trade agreements affecting the equine industry.
- Competitive landscape globally impacting supply chain dynamics and price variations.