The production value of potatoes at the farm gate in India has seen significant fluctuations over the past decade. In 2023, the production value stood at 8.52 Billion USD. The year-on-year variation for 2022 to 2023 was 2.41%, indicating moderate growth. Over the last two years, there has been steady, albeit modest, growth in the potato production value. The Compound Annual Growth Rate (CAGR) over the last five years has been slightly negative at -2.33%, highlighting the volatility observed in the earlier part of the decade.
Future Trends to Watch:
- Predicted annual growth is moderate with a forecasted CAGR of 1.71% over the next five years.
- Economic factors, changes in domestic demand, shifts in farming practices, and climatic conditions will be crucial in influencing future trends.
