In 2023, the import of maize to India stood at $24.5 million USD. The forecasted data indicates a steady increase in the import value through 2028. Specifically, the import is projected to rise from $25.227 million in 2024 to $28.232 million in 2028. This represents a compound annual growth rate (CAGR) of approximately 2.9% over the five-year period.
The year-on-year growth shows a consistent upward trend: from 2024 to 2025, there is an increase of about 3.1%, followed by a 2.9% rise in 2025-2026, 2.8% growth in 2026-2027, and a 2.6% increase from 2027 to 2028. This steady escalation highlights a growing demand or necessity to import maize.
Future trends to watch for include:
- Changes in domestic maize production due to climate factors or agricultural policies.
- Shifts in international trade policies or tariff structures that might affect import values.
- Adjustments in demand from industries using maize as a raw material, such as animal feed or ethanol production.
