In 2023, the import of ceramic laboratory and technical ware except porcelain to India was valued at approximately 87 million USD. The forecasts indicate a steady increase over the coming years, with values projected to reach 109 million USD by 2028. This suggests a compound annual growth rate (CAGR) of around 4.4% from 2024 to 2028.
Future trends to watch for:
- Increased demand driven by advancements in healthcare and technology sectors requiring high-quality ceramic materials.
- Potential impact of trade policies or tariffs affecting import volumes and prices.
- Technological innovations in ceramic manufacturing possibly reducing dependency on imports.