In 2023, the import value of dormant bulbs, tubers, corms, crowns, and rhizomes to India was approximately 4.58 million. From 2024 onwards, the forecast indicates a consistent decrease in import value, with a year-on-year decline of 3.65% in 2025, 3.72% in 2026, 3.78% in 2027, and 3.85% in 2028. The compound annual growth rate (CAGR) over the five-year forecasted period shows an average annual decline of around 3.75%.
Future trends to watch for include:
- Fluctuations in domestic horticultural production impacting import needs.
- Governmental policies affecting agriculture and trade.
- Changes in consumer demand for imported ornamental plants.
