The maize production at the farm gate in India has shown significant variability over the years. From 2013 to 2023, there have been fluctuations but an overall upward trend, peaking at 8.13 billion US dollars in 2023. The year-on-year variation highlights substantial growth in certain years, such as 2018, 2019, and 2021, with respective growth rates of 13.56%, 15.67%, and 21.73%. However, 2020 saw a considerable decline of 25.83%. The average compound annual growth rate (CAGR) over the last five years (2019-2023) stands at 5.11%, indicating steady growth despite occasional dips.
Looking ahead, forecasted data from 2024 to 2028 suggests a continued increase, with the value expected to reach 9.38 billion US dollars by 2028. The forecasted 5-year CAGR is 2.25%, and the growth rate over the next five years is projected to be 11.75%, indicating a slower but stable increase. Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, and policy changes affecting the agricultural sector.