In 2023, India's imports of maize bran, sharps, and other residues stood at approximately 929.85 thousand US dollars. Looking ahead, from 2024 onwards, there is a consistently upward trend in the import value, with forecasts predicting increases each year, reaching 1,119.8 thousand US dollars by 2028.
Year-on-year variations from 2024 through 2028 show a steady growth trajectory, with percentage increases notably more prominent in the early years. Looking at the compound annual growth rate (CAGR) from 2024 to 2028, the average annual increase is around 3.8%.
Future trends to watch for include changes in India’s domestic maize production capabilities, shifts in global trade policies or tariffs that may influence import costs, and burgeoning demand for animal feed, which could drive further imports. Additionally, sustainability initiatives could impact the quality and source of imports.
