In 2023, maize bran, sharps, and other residues' import to India was recorded at approximately 1.162 million kilograms. Forecasts indicate a steady increase from 2024 to 2028, with values starting at 1.2035 million kilograms in 2024, escalating to 1.3648 million kilograms by 2028. The year-on-year increase from 2024 to 2025 is 3.46%, which illustrates a strong upward trend sustaining approximately the same rate annually. The projected compound annual growth rate (CAGR) for the 2024-2028 period is around 3.19%, indicating consistent growth in imports.
Future trends to watch for:
- Impact of domestic agricultural policies on import volumes.
- Global maize production levels influencing supply and prices.
- Advancements in feed technology potentially reducing reliance on maize by-products imports.
- Currency fluctuations affecting import cost dynamics.