The import of whiskies to India is showing a steady increase from 2024 to 2028, starting at a value of 238.25 million USD in 2024 and growing to 276.6 million USD by 2028. Compared to the previous year, 2023, which stood at 229.07 million USD, the consistent growth illustrates a positive trend.
Year-on-year variations:
- From 2023 to 2024: 4.01%
- From 2024 to 2025: 4.14%
- From 2025 to 2026: 3.90%
- From 2026 to 2027: 3.68%
- From 2027 to 2028: 3.48%
CAGR over 5 years (2023 to 2028): 3.84%
Future trends to watch for:
- Changes in import tariffs and trade policies might influence the market's trajectory.
- Growing middle-class consumer base and disposable incomes in India are likely to boost demand for premium whiskies.
- Potential impact of global economic conditions and currency fluctuations on import values.
