The import forecast for paint, distemper, varnish brushes and paint pads into India shows a steady rise from 502.75 thousand kilograms in 2024 to 544.39 thousand kilograms by 2028, indicating a consistent demand increase. In 2023, the imports stood slightly lower than 502.75 thousand kilograms as indicated by the year-on-year variance.
- Year-on-year growth demonstrates a stable, linear increase, approximately 2% to 2.5% annually.
- The Compound Annual Growth Rate (CAGR) over the five-year period reflects a moderate upward trend.
Key future trends to monitor include advancements in paint technology, DIY culture expansion, and shifts in housing and infrastructure demands that might drive further import increases or potential market competition domestically.
