In 2023, the import of plastic table and kitchen ware to India stood at 29.665 million USD. The year-on-year variation from 2022 to 2023 was 4.34%, while the CAGR over the last five years was 3.1%, indicating moderate growth. The forecasted data suggests a continual upward trend, with the value expected to reach 36.032 million USD by 2028, marking a forecast 5-year growth rate of approximately 16.52% and an annual CAGR of 3.1%.
Key trends over the past decade show significant fluctuations, with notable growth spurts in 2017 (37.91%) and 2018 (65.65%), followed by a series of contractions and recoveries. The last two years exhibited stable growth, confirming a positive trajectory into the forecast period.
Future trends to watch for include:
- Technological advancements in plastic manufacturing and sustainability practices.
- Changes in international trade policies impacting import dynamics.
- Growing consumer preference for eco-friendly and biodegradable products.
- Potential volatility in raw material prices affecting overall import costs.
