The import of cooking appliances for gas fuel made of iron or steel to India is projected to decrease significantly from 2024 to 2028. Starting at 206.37 thousand units in 2024, imports are expected to decline annually, reaching 123.59 thousand units by 2028. Comparing past actual data to current trends, the import volume in 2023 was considerably higher. The forecast suggests a consistent downward trend with a Compound Annual Growth Rate (CAGR) reflecting a significant decrease over the five-year period.
Future trends to watch for include:
- Shifts in domestic manufacturing capabilities or policies that may affect import volumes.
- Changes in consumer preferences towards energy sources or appliance types.
- Regulatory changes related to environmental standards impacting the import of gas appliances.
