The forecast for the import of worked ivory and articles of ivory to India from 2024 to 2028 shows a consistent decline, with values dropping from $14.06 thousand in 2024 to $8.76 thousand in 2028. The significant downward trend aligns with global conservation efforts and stricter international regulations.
Year-on-year analysis reveals a decreasing pattern, with a notable contraction across each consecutive year. From 2024 to 2025, there's approximately a 9.67% reduction in imports, with further declines of 10.55%, 11.54%, and 12.84% each subsequent year, respectively.
CAGR between 2024 and 2028 stands at around -11.70%, highlighting a persistent decrease annually over this period.
Future trends to monitor include:
- Tighter enforcement of bans on ivory trading globally.
- Potential impacts of policy changes in emerging markets.
- Advancements in sustainable alternatives to ivory.
- Public awareness and preference shifts toward ethical commodities.
