In 2023, the import of bran, sharps, and other residues of leguminous plants to India stood at a baseline from which upcoming forecasts begin. The forecast predicts a steady year-on-year increase from 2024 to 2028. Specifically, the data shows a gradual rise in import value, with a stable compound annual growth rate over the five-year forecast period. This indicates a consistent growth trajectory in terms of dollar value.
Future trends to watch for include:
- Potential changes in India's agricultural policies, affecting import demand.
- Global supply chain dynamics that could influence import costs.
- Evolving dietary trends in India increasing demand for leguminous residues.
- Fluctuations in the global market prices of leguminous plant residues.
