In 2023, the actual import value of unsweetened cocoa powder to India stood lower compared to the projected figures for 2024 onwards. The forecasted growth indicates a consistent increase from 2024 ($62.041 million) to 2028 ($71.769 million). The year-on-year growth rate shows steady increments of approximately 4% to 5% annually. Over the five-year forecast period, a compound annual growth rate (CAGR) of around 3.5% is anticipated, highlighting a sustainable upward trend in import values.

Future trends to watch for:

Fluctuations in global cocoa prices which can affect import costs.
Domestic consumption trends in India driven by consumer preferences and economic conditions.
Trade policies impacting import tariffs and regulations.