The import of beer to India is projected to increase steadily from 2024 to 2028, starting at 15.718 million USD in 2024 and reaching 18.457 million USD by 2028. The year-on-year growth is consistent, indicating a stable demand for imported beer. The year-on-year percentage increase averages around 4.2% from 2024 onwards. In 2023, the import value stood at approximately 15 million USD, highlighting a continuing upward trend from previous years.
Future trends to watch for include:
- Changes in consumer preferences towards premium or craft beers, potentially influencing import dynamics.
- Impacts of regulatory changes or tariffs on import pricing and volumes.
- Economic factors such as currency fluctuations affecting import costs and consumer spending power.
- Increased local competition as domestic breweries expand their premium offerings.