In 2023, the imports of electric cooking, grilling, and roasting equipment to India stood at 11.671 million kilograms. Forecasts for the period from 2024 to 2028 show a steady annual increase in import volume, starting at 11.971 million kilograms in 2024 and reaching 13.179 million kilograms by 2028. The year-on-year variation shows a consistent growth trend, with increases of approximately 2.6% to 2.9% each year. The cumulative annual growth rate (CAGR) over the period is projected at around 2.5%.
Future trends to watch include:
- Rising demand for energy-efficient appliances driven by consumer preferences for sustainable living.
- Technological advancements which may introduce new product innovations that could further boost import volumes.
- Regulatory changes regarding import tariffs and domestic manufacturing policies could influence future import patterns.