Forecast: Import of Natural Honey to India

The import of natural honey to India has shown a steady increase over the forecasted period from 2024 to 2028. In 2023, the actual import value stood at $3.450 million. Analyzing the year-on-year variations, there is a consistent growth with the annual import value increasing marginally each year. The expected values are $3.5486 million in 2024, $3.6483 million in 2025, $3.7459 million in 2026, $3.8416 million in 2027, and $3.9354 million in 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period averages around 3.4%.

Future trends to watch for include:

  • Potential impact of trade policies and tariffs on import costs.
  • Shifts in consumer demand for natural honey driven by health and wellness trends.
  • Developments in domestic honey production that could influence import reliance.
  • Changes in global honey supply due to environmental factors like bee population health and climate change.

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