Based on the forecasted data for import volumes of variable or adjustable electrical capacitors to India, there is a noticeable declining trend from 2024 to 2028. The volume, measured in thousand kilograms, was recorded at 56.83 for 2024 and is projected to decrease steadily to 31.09 by 2028. In 2023, the volume stood higher than the 2024 forecast, underscoring a consistent decline year-on-year. This suggests a negative compound annual growth rate (CAGR) over the five-year period.
Future trends to watch for include potential shifts in local manufacturing, which could affect import levels. Additionally, technological advancements may influence domestic market demands and sourcing strategies. Environmental regulations in production could also impact future importation patterns.
