In 2023, the import of aluminium nails, tacks, staples, bolts, and nuts to India stood at a significant volume, forming the baseline for future projections. From 2024 onwards, the forecast predicts a continuous decline, with volumes dropping from 306.45 thousand kilograms in 2024 to 225.99 thousand kilograms by 2028.
The year-on-year percentage change indicates a consistent downward trend, underscored by reductions each year. Consequently, the Compound Annual Growth Rate (CAGR) over the five-year forecast period reflects a negative trend.
Future trends to monitor include potential shifts in global aluminium prices, tariff changes, and domestic production capacities, which could impact import volumes.
