The import of prepared or preserved pears to India is forecasted to decline steadily from 2024 to 2028. Starting from $8.21 thousand in 2024, it is expected to decrease to $7.67 thousand by 2028. This represents an annual decrease of approximately 1% in terms of compound annual growth rate (CAGR) over the forecast period, indicating a slow but consistent reduction in import values.
In 2023, the import value was slightly higher, suggesting a gradual downward trend that started before the forecast period. This trend indicates an overall contraction in demand or consumption for these imports in the Indian market.
Future trends to watch for include:
- Potential changes in domestic production levels of pears, which could affect import needs.
- Shifts in consumer preferences towards alternative fruits or other preserved goods.
- Economic factors such as tariffs and trade policies impacting import costs.