The import of prepared or preserved citrus fruits in India has shown significant fluctuations from 2013 to 2023. In 2023, the value stood at 1357.0 thousand US Dollars, marking a year-on-year increase of 3.64% and a CAGR of 2.62% over the last five years. The highest year-on-year growth during this period was in 2015 with an increase of 192.79%, while the most substantial decline occurred in 2013 with a decrease of 63.5%.
From 2018 to 2023, the import values have generally demonstrated an upward trend with occasional minor declines, suggesting a period of relative stability and moderate growth. The projected data from 2024 to 2028 indicates a consistent increase, with a forecast CAGR of 2.41% and an overall growth rate of 12.67% over five years.
Future trends to watch for:
- Changes in consumer preferences towards healthier and fresh substitutes which could potentially impact the demand.
- Trade policies and tariff changes that could affect import costs and pricing structures.
- Domestic production capacities and advancements in food preservation technologies potentially reducing dependence on imports.
