The import of turmeric to India is forecasted to see a gradual increase from 2024 to 2028. Starting at 38.77 million kilograms in 2024, it is expected to reach 45.82 million kilograms by 2028. The data suggests a steady year-on-year growth, with an approximate compound annual growth rate (CAGR) of 4.25% over the forecasted five-year period. For comparison, India's turmeric import stood at approximately 37 million kilograms in 2023.
Future trends to watch for:
- The impact of changing dietary trends and increasing demand for imported turmeric in health supplements.
- Fluctuations in domestic turmeric production affecting import levels.
- Potential shifts in trade policies and tariffs impacting import costs and volumes.