The forecasted import value of live bovine animals to India shows a steady increase from 2024 to 2028, starting at $301.3 thousand and reaching $302.94 thousand. This indicates a consistent upward trend over the period. In 2023, the import value stood notably lower than these projected figures, reflecting a gradually growing demand or pricing structure.
Year-on-year variation from 2024 to 2028 reflects modest increases each year, around 0.14% to 0.20%. This suggests limited volatility in the market for live bovine imports. The compound annual growth rate (CAGR) over this five-year period reaffirms this stable growth trajectory, signifying incremental market expansion rather than any rapid changes.
Future trends to watch for include changes in trade policies, domestic farming advancements in India which might reduce import reliance, and any shifts in demand due to cultural or economic changes. Monitoring these factors can provide insight into potential deviations from the current forecast.
