The export of parts of refrigerating or freezing equipment to India is projected to increase steadily from 2024 to 2028. In 2023, the import value stood significantly lower, indicating substantial growth potential in this sector. Year-on-year percentage increases suggest a modest upward trajectory of around 2-3% annually, with a compound annual growth rate (CAGR) reflecting consistent expansion in the industry over the five-year period.

Future trends to watch for:

Increased demand due to rising consumer purchasing power and expanding retail and healthcare sectors in India.
Potential impacts from global supply chain disruptions or trade tariffs.
Evolving technology and innovation in refrigerating and freezing equipment that may influence part specifications and pricing.