The forecast for butter imports in India from 2024 to 2028 remains stable at 2.0 thousand metric tons annually. In 2023, the actual import stood at the same level. Consequently, the year-on-year percentage variation and the compound annual growth rate (CAGR) over the forecasted period are both 0%, indicating a stagnant trend in butter importation.
Future trends to watch for include:
- Changes in domestic butter production and self-sufficiency levels.
- Shifts in consumer preference towards healthier alternatives or substitute products.
- Trade policy adjustments and their impact on import tariffs and trade relations.
