In 2023, India's import of capsicum stood at 1.528 million kilograms. From 2024 onward, the import volume shows a consistent upward trend, increasing annually by approximately 2.2% each year. By 2028, imports are projected to reach 1.6928 million kilograms. The CAGR over the forecasted period is roughly 2.1%, reflecting a steady demand for capsicum imports in India.
Future trends to watch for include:
- Changes in domestic capsicum production which may influence import needs.
- Global pricing fluctuations affecting import volumes and costs.
- Shifts in consumer preferences increasingly towards organic or different capsicum varieties.