The forecast for the import of coffee extracts, essences, concentrates, and preparations to India shows a steady growth from 2024 to 2028. In 2023, the import value stood at approximately 19.5 million USD. From 2024 to 2028, the value is expected to increase from 20.26 million USD to 23.614 million USD. The year-on-year growth rate reveals an average annual increase of about 3.5%. The compound annual growth rate (CAGR) for the five-year period is projected at 3.9%, indicating consistent and moderate growth in this sector.
Future trends to watch for include:
- Emerging consumer preferences for various coffee products, possibly boosting import demand.
- Fluctuations in global coffee bean prices, which can affect the cost of extracts and concentrates.
- Potential trade policy changes that might impact import tariffs or regulations affecting the coffee import industry.
- Innovations in coffee processing technology, possibly influencing the demand for specific types of preparations.
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