In 2023, the actual import value of maize flour to India was $99.50 thousand. The forecast for 2024 shows a modest increase to $100.23 thousand, further predicting a gradual rise to $103.93 thousand by 2028. This indicates a steady year-on-year growth rate of around 0.9% to 1%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 0.9%, which is consistent with the expected incremental trend.
Future trends to watch for:
- Potential shifts in domestic maize production that may impact import needs.
- Trade policies and bilateral agreements affecting import tariffs.
- Changing consumer preferences towards alternative flours may influence demand.
- Fluctuations in the global price of maize due to climatic or geopolitical factors could affect import costs.
