In 2023, the import of liquorice extract to India was at 9.75 thousand kilograms. The forecasted data for 2024 to 2028 shows a steady year-on-year decline, with imports expected to drop to 7.09 thousand kilograms by 2028. This marks a negative CAGR over the five-year period, indicating a consistent decrease in volume.

Future Trends to Watch:

The decline may result from increased domestic production or substitution by alternative products.
Changes in regulatory measures could further influence import volumes.
Monitoring consumer preferences and global supply chain developments will be important.
Evaluating trade policies between India and major liquorice extract producers might provide additional insights.