In 2023, India's apple import volume stood at 370.0 thousand metric tons, marking the base for future projections. From 2024 through 2028, the import volume is forecasted to increase steadily, from 379.0 to 410.0 thousand metric tons. This projection suggests a consistent year-on-year growth rate, with an average compound annual growth rate (CAGR) over these five years. The annual growth reflects India's increasing demand for imported apples, possibly due to changing consumption patterns and increased availability.
Future trends to watch include:
- Consumer preference shifts towards organic or specific apple varieties.
- Trade policy changes impacting import tariffs and logistics.
- Domestic apple production levels, potentially affecting import volumes.
- Economic factors and currency fluctuations influencing purchasing power and import costs.