The import of woven fabric of glass fibres to India is forecasted to steadily increase from 2024 to 2028, based on the data provided. Compared to 2023, where imports stood at approximately 56 million USD, there is a consistent year-on-year growth rate ranging from 3.85% to 3.91%. This indicates a positive trend in demand for these materials in the market. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 3.82%, demonstrating robust growth potential.
Future trends to watch for include the impact of technological advancements in manufacturing and potential changes in trade policies which could either support or hinder import growth. Additionally, shifts in domestic production capacities and demand across various industries, including automotive and construction, may significantly influence these import trends.
