In 2023, India's barley import stood at 155.0 thousand metric tons. The forecast from 2024 shows a steady increase in imports, with estimates reaching 165.0 thousand metric tons by 2028. This indicates a consistent upward trend with slight annual growth.
Year-on-year variations display an approximate increase of 1.3% each year from 2024 to 2028. Furthermore, the compound annual growth rate (CAGR) over this 5-year period is projected to be around 1.26%.
Future trends to watch for:
- Potential changes in domestic barley production which might influence import needs.
- Shifts in demand from industries reliant on barley, such as brewing and animal feed.
- Trade policy adjustments impacting barley import tariffs or trade agreements.