Between 2024 and 2028, the forecasted import of chemically pure sugars to India shows a steady rise from 9.8681 to 11.181 Million Kilograms. In 2023, the volume stood close to 9.5 Million Kilograms. Year-on-year growth rates reveal a stable upward trend:
- 2024: Increase by approximately 3.4%
- 2025: Increase by approximately 3.4%
- 2026: Increase by approximately 3.3%
- 2027: Increase by approximately 3.1%
- 2028: Increase by approximately 2.9%
The compound annual growth rate (CAGR) over this five-year period indicates an average annual growth of approximately 3.2%.
Future trends to watch include potential impacts from changes in global sugar prices, domestic production dynamics, and shifts in regulatory policies that might affect import duties and trade agreements, which could alter the forecasted import patterns.
