The import volume of gasket sets and other joints of similar composition to India is forecasted to show a consistent decline from 2024 through 2028. Starting from 520.25 thousand kilograms in 2024, it decreases to 493.26 thousand kilograms in 2028, reflecting a gradual decrease each year. Compared to 2023, where the import volume was at a certain level, the anticipated yearly decline suggests a negative trend.
Future trends to watch for:
- Emerging technological advancements in domestic manufacturing could further reduce imports.
- Changes in automobile and machinery production in India may influence demand.
- Global supply chain factors and trade policy adjustments could impact forecast accuracy.
