The import value of vegetable, fruit, nut, and food preparations to India shows a consistent upward trend from 2024 to 2028 based on forecasted data. In 2023, the imports stood at 142.00 million USD. The year-on-year growth rates are projected to remain steady, with an average increase hovering around 3.4% to 3.5% per annum. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 3.3%, indicating a stable demand for these imports.
Future trends to watch for include:
- Impact of tariff changes on import activities.
- Shifts in consumer preferences towards organic or non-GMO products.
- Potential trade agreements that could affect import volume and value.
- Emerging local industry competitiveness which might influence import dependence.