The data indicates a declining trend in the import of fresh or chilled bone-in sheep cuts to India from 2024 to 2028. The volume is projected to decrease from 4.23 thousand kilograms in 2024 to 2.72 thousand kilograms in 2028. Comparing each year's forecasted figures shows a consistent reduction, with each year witnessing a decrease in volume from the previous year. This translates to an average compound annual growth rate (CAGR) of approximately -10.8% from 2024 to 2028.
Key factors to monitor include:
- Domestic production capabilities and their impacts on import needs
- Regional trade agreements affecting sheep meat imports
- Fluctuation in consumer demand and dietary preferences in India
- Regulatory changes affecting meat import policies
