India's export of processed sweet corn to the US has shown a dynamic pattern over the past decade. In 2013, the export volume stood at 10 metric tons, while by 2023, it had increased to 65 metric tons. The significant year-on-year fluctuations highlight volatility, with a notable rise of 290% in 2014 but a sharp decline of 41.33% in 2017. In recent years, growth has stabilized, showing consistent year-on-year increases, such as 5% in 2022 and 3.17% in 2023.
Key observations:
- From 2019 to 2023, exports grew at a CAGR of approximately 4.97%.
- The forecast suggests a gradual growth with a 5-year CAGR of 2.55% from 2024 to 2028, reaching up to 76 metric tons by 2028.
Future trends to watch for include potential impacts from global trade policies, shifts in US consumer preferences towards healthier food options, and advancements in India's agricultural technology and processing capabilities. Monitoring these factors will provide insights into the sustainability of India's export growth trajectory.
