In 2023, India's import of crushed or ground pepper of the Genus Piper stood as the baseline for the subsequent forecasts which we can observe from 2024 to 2028. From the forecasted data, a steady increase is expected in the import value each year. Specifically, there is a projected year-on-year growth rate of 1.89% from 2024 to 2025, followed by similar incremental rates through to 2028. Over this five-year period, a Compound Annual Growth Rate (CAGR) reflects a modest, stable increase in import value.
Future trends to monitor include:
- Global market fluctuations that might affect pepper prices.
- India's domestic production levels influencing import needs.
- Regulatory changes impacting import/export policies.
- Economic factors that may affect demand in India's culinary and medicinal markets.
