The import of essential oils of orange to India is forecasted to steadily increase from 2.7931 million kilograms in 2024 to 3.0797 million kilograms by 2028. This growth indicates a consistent year-on-year increase, suggesting a compound annual growth rate (CAGR) that reflects escalating demand in the Indian market. As of 2023, the import value stood at a slightly lower volume, indicating a positive trend in trade activities.
Future trends to watch for:
- Increased consumer demand for natural and organic products, driving the need for essential oils.
- Potential tariff or trade policy changes influencing import volumes.
- Global price fluctuations of orange essential oils impacting import costs.
- Emerging alternative sources or substitutes potentially affecting the market dynamics.