The import value of black tea in packages over 3 kg to India was at 23.5 million USD in 2023. Forecasted data from 2024 to 2028 shows a consistent year-on-year decline: 2.97% from 2024 to 2025, 3% from 2025 to 2026, 3.02% from 2026 to 2027, and 3.06% from 2027 to 2028. This indicates a steady contraction in import value with a compound annual growth rate (CAGR) of approximately -3.01% over these five years.
Future trends to watch for:
- Potential shifts in domestic tea production impacting import reliance.
- Changes in consumer preferences towards specialized or alternative tea types.
- Trade policies that might affect international tea prices and import costs.
