The import of vitrifiable enamels and glazes for ceramics and glass to India shows a steady decline over the forecasted years from 2024 to 2028, with volumes decreasing from 2.1743 million kilograms to 2.0946 million kilograms. Compared to 2023, where actual volumes were registered, this marks a consistent downward trend. The year-on-year variation shows minor declines, indicating a modest reduction in imports. Over the five-year period, the Compound Annual Growth Rate (CAGR) indicates a persistent average decrease per year.
Future trends to watch for include:
- Changes in domestic production capacities which could further impact import volumes.
- Shifts in market demand due to innovations in alternative materials or changing preferences.
- The influence of trade policies and international relations on import regulations and costs.