The import of artificial flowers, foliage, and fruit to India has demonstrated a steady upward trend. In 2023, the actual import value was lower than the forecasted 2024 value of 23.078 million USD. The year-on-year increase from 2024 to 2025 is 3.94%, from 2025 to 2026 is 3.71%, from 2026 to 2027 is 3.51%, and from 2027 to 2028 is 3.33%. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is approximately 3.62%.
Future trends to watch for:
- Increased demand due to growing popularity in interior decoration and event planning.
- Potential shifts in trade policies or tariffs impacting import costs.
- Emergence of sustainable or eco-friendly artificial products.
- Technological advancements in manufacturing leading to higher quality and variety.