The forecasted import of brass-wind instruments to India shows a steady increase from 2024 to 2028, with estimated imports of 644.73 kg in 2024, rising to 725.77 kg by 2028. Observing the year-on-year percentage changes, there is an average growth rate annually, showcasing a consistent upward trend, with no drastic fluctuations anticipated. In 2023, the import volume was 620 kg, highlighting a solid upward trajectory when compared to future forecasts. The Compound Annual Growth Rate (CAGR) over these five years suggests continuous and stable growth in this sector.
Future Trends to Watch:
- Growing interest in Western music might boost further imports.
- Advancement in domestic manufacturing could potentially impact import volumes.
- Policy changes and tariffs might affect future import dynamics.
