The forecast for India's import of copra from 2024 to 2028 shows a consistent upward trend. In 2024, imports are projected to reach 14.141 million kilograms, escalating to 17.241 million kilograms by 2028. This progression indicates positive growth in demand or supply chain reliance. In 2023, the actual imports stood at an unspecified volume prior to this forecast.
- From 2024 to 2025, the year-on-year increase is approximately 5.65%.
- From 2025 to 2026, imports are expected to grow by 5.23%.
- From 2026 to 2027, the projected increase is 4.88%.
- From 2027 to 2028, the import volume is estimated to rise by 4.56%.
- The compound annual growth rate (CAGR) over the forecasted period is 5.11%.
Future trends to watch include potential shifts in domestic copra production that may impact import dependency, fluctuations in global market prices, and policy changes affecting import tariffs or trade relations. Monitoring these factors will be key for stakeholders in the copra supply chain.
