The import of coffee to India has noticeably fluctuated over the past decade, with a significant level of variability. The value of imports in 2023 stood at 164.31 million US dollars. Over recent periods, the year-on-year variation showed increments of 3.35% in 2022, followed by a 3.18% increase in 2023. The compound annual growth rate (CAGR) over the last five years is 4.03%. The future import value of coffee is projected to rise steadily, albeit with a decelerated CAGR of 2.35%, resulting in a total growth rate of 12.3% over the next five years.
Future trends to watch for:
- The impact of global coffee prices and supply chain disruptions on import values.
- Changing consumer preferences and potential increases in local coffee production.
- Economic factors and trade policies affecting overall imports.
- Shift towards premium and specialty coffee imports driven by evolving market demand.