Forecast: Import of Table and Kitchen Articles and Parts of Stainless Steel to India

In 2023, the import of table and kitchen articles and parts of stainless steel to India stood at 27.456 million USD. According to the forecasted figures, imports are expected to rise steadily from 28.778 million USD in 2024 to 34.363 million USD in 2028, marking a year-on-year growth of approximately 4% to 5%.

The compound annual growth rate (CAGR) over the five-year forecast period is projected to be around 4.55%, indicating consistent and moderate growth in demand for these products in India.

Future trends to watch include:

  • A potential increase in domestic production capabilities which could impact import levels.
  • Shifts in consumer preferences towards sustainable or alternative materials that might affect stainless steel demand.
  • The influence of trade policies and tariffs impacting import costs and competitiveness.

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