In 2023, India's import of wheat bran, sharps, and other residues stood higher than the 2024 forecasts. From 2024 onward, imports are expected to decrease sharply, with values declining to 74.56 in 2024, down to 15.71 by 2028. This forecast represents a significant year-on-year decline, illustrating a continuous reduction. Over these years, the compound annual growth rate (CAGR) reflects an average annual decline. Key contributing factors could include shifts in domestic production, policy changes, or alternative sourcing strategies.
Future trends to watch include fluctuations in domestic production capabilities, potential policy reforms in agricultural imports, rising sustainability practices, and changing demands from the animal feed industry, which could all influence this forecast and potentially impact future import levels.
