In 2023, India's import of solid or cushioned tyres and interchangeable treads stood at approximately 1.43 million kilograms. The forecasted data suggests a steady annual growth, with values increasing from 1.4699 million kilograms in 2024 to 1.6364 million kilograms by 2028. The average compound annual growth rate (CAGR) over the five-year period is projected to be moderate, reflecting a consistent upward trend.
Future trends to watch for:
- Possible shifts in trade policies could impact import volumes.
- Technological advancements in tyre manufacturing may drive demand changes.
- Environmental regulations might influence the types of tyres imported.
- Economic factors, including currency fluctuation and inflation, could affect import costs.