The import of Tyre Cord Fabric of High Tenacity Polyester Yarn to India is forecasted to increase steadily from 64.518 million USD in 2024 to 73.754 million USD by 2028. This represents a consistent year-on-year growth rate, averaging approximately 3.38% annually over this period. The upward trend indicates the demand in automotive and related sectors remains robust. In 2023, the import value stood at 62 million USD, marking a continual rise into 2024 and beyond.
Future trends to watch for include:
- Potential impact of global raw material price fluctuations on imports.
- Technological advancements in tire manufacturing affecting demand.
- Trade policy changes influencing import tariffs and trade flow.
