In 2023, India imported freezers of the upright type, not exceeding 900-litre capacity weighing 3.95 million kilograms. The forecasted imports from 2024 to 2028 show a steady increase, starting from 4.08 million kilograms in 2024 to 4.57 million kilograms in 2028. The anticipated compound annual growth rate (CAGR) over this period is approximately 2.3%. Year-on-year analysis indicates a positive growth trend driven by increased consumer demand and expanding cold storage infrastructure.
Future trends to watch for might include technological advancements in energy-efficient freezer models and fluctuations in import tariffs and regulations, which could impact import volumes and costs.
