The import of dried shelled peas into India is projected to decline from 2024 through 2028. The forecasted value will see a steady decrease from $404.27 million in 2024 to $345.85 million in 2028. Compared to the value in 2023, specific percentage changes are crucial for understanding this trend. Over the past two years, the rate of decline indicates a negative year-on-year trend. With a compound annual growth rate (CAGR) over the next five years showing a consistent decrease, the market is facing a downtrend.
Future trends to watch for:
- Changes in domestic production capabilities in India, which may influence import needs.
- Fluctuations in international market prices and their impact on import volumes.
- Government trade policies and agricultural initiatives that may affect supply and demand.
- Global events affecting supply chains and logistics, potentially altering trade dynamics.
