In 2023, the import of optical fibres to India, excluding those for telecommunications, stood at approximately 4.48 million kilograms. The forecast from 2024 to 2028 projects a steady increase, with the imports estimated to reach 5.21 million kilograms by 2028. This demonstrates a clear upward trend, averaging a Compound Annual Growth Rate (CAGR) of around 2.5% over the five-year period.
Year-on-year analysis indicates slight annual increases, highlighting consistent growth in demand for non-telecommunication optical fibres within India. This could be attributed to expanding industrial applications and innovations in sectors such as medical and scientific equipment manufacturing.
Future trends to watch include:
- Advancements in fibre optics technology potentially boosting increased imports.
- Economic factors affecting global trade and influencing import levels.
- Domestic production capabilities potentially reducing dependence on imports.
- Policy changes that may enhance or restrict trade dynamics.
