The forecast for the import of fresh or chilled asparagus to India shows a consistent upward trajectory from 2024 to 2028. In 2023, the import volume was significantly lower than the 453.21 thousand kilograms projected for 2024. The data reveals a steady increase each year, reaching 525.05 thousand kilograms by 2028. Year-on-year, India anticipates a progressive growth, indicating an expanding demand for asparagus. Notably, the CAGR over this 5-year forecast period underscores a strong average annual growth rate, suggesting a growing trend.
Future trends to watch for include:
- Potential changes in consumer preferences as health awareness increases in India.
- Trade agreements or tariffs that could impact import volumes.
- The development of local asparagus farming which might affect imports.