The import of domestic electric coffee or tea makers to India reached nearly 0.957 million in value terms in 2023. This represents a year-on-year increase of 1.62%. Over the past five years, the compound annual growth rate (CAGR) has been 1.25%. This suggests a period of modest recovery from the declines seen in earlier years, particularly in 2017 where the year-on-year variation was -32.38%. The forecast indicates continued albeit slow growth, with a forecasted CAGR of 1.25% and an overall 5-year growth rate of 6.41% for the period leading up to 2028.
Future trends to watch for include the potential impact of increasing disposable incomes and changing consumer preferences towards household appliances. Additionally, advancements in technology and product innovation, along with potential reductions in import tariffs, could further influence these import trends. Close attention should also be given to any emerging trade policies or market disruptions that could impact the supply chain.
