Forecast: Import of Vitamins A to India

As of 2023, the actual import value of Vitamins A to India stood at 12.834 million US dollars. The forecasted values from 2024 to 2028 show a steady increase in import value: from 13.164 million in 2024 to 14.473 million US dollars in 2028. The year-on-year growth rate over the last two years (2022 to 2023) has shown an upward trajectory, indicating increased demand. Specifically, the annual growth rates are observed at 2.57% for 2024, 2.56% for 2025, 2.45% for 2026, 2.34% for 2027, and 2.24% for 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024-2028 is approximately 2.70%.

Future trends to watch for:

  • Potential increase in domestic production capability could influence future import values.
  • Changes in regulatory policies or health trends affecting the demand for Vitamin A supplements.
  • Currency fluctuations and global trade dynamics, impacting import costs.

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