In 2023, the actual import value of dried leguminous vegetables to India stood at an estimated value; moving forward into 2024, a forecasted decrease of approximately 1.2% to $1.8817 billion has been noted. This decline continues year-on-year with slight reductions: a 1.2% drop from 2024 to 2025, followed by a 1.15% decrease to 2026, a 1.15% decline leading into 2027, and finally a 1.15% dip into 2028, cumulatively creating a five-year negative compound annual growth rate (CAGR). The sustained yearly decrease in value reflects a consistent downward trend in importation volumes across this five-year span.
Future trends to watch for:
- Increasing domestic production of leguminous vegetables might further reduce the need for imports.
- Changes in consumer dietary patterns and preferences could impact demand.
- Trade policies and tariffs adjustments between India and exporting countries could influence import volumes.
- Environmental and climatic factors affecting domestic crop yields might alter import strategies.
