The import volume of photograph, picture frames, mirrors of base metal to India is projected to rise gradually from 2024 to 2028, with figures ranging from 350.26 to 362.75 thousand kilograms. This indicates modest year-on-year growth, averaging around 0.98% per annum over the five-year forecast period, from 2024 onwards. This represents a steady trend following the import levels of 2023 which stood at a similar level as the base year. The compound annual growth rate (CAGR) balances at approximately 0.98%, reflecting moderate but consistent expansion.
Future trends to observe include increased demand driven by domestic market growth and lifestyle enhancements. China’s pricing will remain noteworthy as both competition and potential trade mitigations may influence Indian imports. Additionally, technological advancements in lightweight, durable mirrored frames might affect market dynamics, alongside changing consumer preferences prioritizing innovation and sustainability in home and office decorations.
