In 2023, India's imports of dried shelled lentils stood at approximately 268 million US dollars. The forecast for 2024 through 2028 shows a downward trend, with imports projected to decrease to about 242.18 million US dollars by 2028. This reflects a consistent annual decline in value. The year-on-year percentage decrease indicates a steady market contraction. The Compound Annual Growth Rate (CAGR) over the next five years is negative, suggesting a persistent reduction in import dependency.
Future trends to watch for include:
- Potential shifts in domestic production efficiency and output.
- Changes in consumer dietary preferences potentially affecting demand.
- Fluctuations in global lentil prices and trade policies, which may impact import volumes and values.