In 2023, India's turmeric import stood at approximately 54.345 million USD. Forecasted data shows a consistent growth in turmeric imports, from 56.868 million USD in 2024 to 67.147 million USD in 2028. The year-on-year growth rate from 2024 to 2025 is approximately 4.66%, and from 2025 to 2026, it is 4.35%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 4.21%.
Future trends to watch for:
- The impact of global supply chain dynamics on import pricing.
- Potential changes in domestic production affecting import demand.
- The influence of new trade agreements on turmeric import tariffs.
- The growing use of turmeric in health and wellness sectors.
