The forecast for the import of hoods with a maximum horizontal side not exceeding 120 cm to India shows a steady upward trend from 2024 to 2028, with the value increasing from 75.244 million USD in 2024 to 88.794 million USD by 2028. This represents a compound annual growth rate (CAGR) of approximately 4.2%. The year-on-year growth rates for each subsequent year are consistent, averaging around 4-5%.
Future trends to watch for include:
- Potential impact of technological advancements on production efficiencies and costs.
- Changes in Indian consumer preferences towards home appliances and their effect on import demand.
- Tariff adjustments or trade agreements that could influence import viability.