The import volume of cocoa beans in India is expected to remain relatively stable from 2024 to 2028, with a gradual increase noted only in 2026, rising from 38.0 to 39.0 thousand metric tons. In 2023, the import volume stood at approximately 37.0 thousand metric tons, indicating a slight year-on-year increase by 2024. The forecasted compound annual growth rate (CAGR) over the next five years suggests a minor uptick in import volumes, reflecting steady consumer demand for cocoa-based products.
Future trends to watch for:
- Consumer preference shifts towards premium and artisanal chocolate products could impact import volumes.
- Increased domestic production efforts may influence import needs.
- Fluctuations in global cocoa prices could affect import strategies.
- Trade policy changes and tariff regulations will play a critical role.
