In 2023, India's saffron imports stood at 17.85 thousand kilograms. From 2024, forecasted imports reveal a consistent upward trend reaching 20.03 thousand kilograms by 2028. Year-on-year growth from 2023 to 2024 is projected at approximately 2.46%, with an ongoing annual increase averaging around 2.79% over the five-year period. This reflects a steady, albeit modest, rise in demand or consumption.
Future trends to watch for:
- Potential changes in global saffron production or market prices affecting import volumes.
- Shifts in domestic demand due to dietary trends or cultural factors.
- Government policies impacting importation or encouraging local cultivation.