The forecasted import of roses to India from 2024 to 2028 shows a steady upward trend. The values in thousand US dollars are expected to grow from 19.59 in 2024 to 21.97 in 2028, indicating a consistent year-on-year increase in the import value.
From 2024 to 2025 and 2025 to 2026, the growth rates are set at approximately 3.16% and 2.92%, respectively. Meanwhile, from 2026 to 2027, the import value is anticipated to increase by 2.84%, and from 2027 to 2028, a 2.71% rise is predicted. This progression suggests a stable interest in rose imports with a compound annual growth rate (CAGR) over the five-year period of about 2.93%.
Future trends to watch for include:
- Changes in domestic rose production, which may impact import needs.
- Shifts in consumer preferences, influenced by economic and cultural factors.
- Potential policy changes affecting import tariffs or trade agreements.
- Developments in logistics and distribution channels that could affect costs.
