In 2023, India imported 20.5 thousand kilograms of antiques older than one hundred years. From the forecast data for 2024 to 2028, a steady year-on-year increase in import volume is observed. Specifically, imports are projected to grow incrementally each year, indicating a favorable trend. The compound annual growth rate (CAGR) over this period is approximately 4.0%, suggesting a consistent rise in demand for antiques in India.
Future trends to watch for include:
- Shifts in consumer preferences towards historic collectibles, potentially influencing demand.
- Government policies impacting the import of known cultural heritage items.
- Global economic factors that may alter the purchasing power and import capabilities of Indian collectors.