Forecast: Sugar Crops Production in India

Analyzing India's sugar crop production from 2014 to 2023, the output stood at 366.84 million metric tons in 2023, experiencing a modest year-on-year growth of 0.31%. The five-year CAGR from 2018 to 2023 was -0.7%, indicating a slight overall contraction despite fluctuations. Noteworthy year-on-year variations include a peak in 2018 with a 24.12% increase and a sharp decline in 2017 by 12.16%. The forecast predicts a moderate rise, reaching 372.85 million metric tons by 2028, a predicted 5-year CAGR of 0.26%.

Future trends to watch for include:

  • Technological advancements in agricultural practices potentially increasing yield efficiency.
  • Climate change impacts affecting crop stability and productivity.
  • Policy changes influencing production incentives and pricing structures.

Top Countries about Sugar