In 2023, the import of glass fibres, glass wool, and articles thereof to India stood at 69.644 million USD. The forecasted values show a steady increase in imports, reaching 72.047 million USD in 2024, 74.564 million USD in 2025, 77.032 million USD in 2026, 79.449 million USD in 2027, and 81.819 million USD in 2028. This depicts consistent growth year-on-year:
- 2024: +3.45%
- 2025: +3.50%
- 2026: +3.31%
- 2027: +3.13%
- 2028: +2.98%
The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 3.27%.
Future trends to watch for include technological advancements in glass fibre production, shifts in domestic demand driven by the construction and automotive sectors, and potential policy changes impacting import duties and regulations. Additionally, global supply chain dynamics and environmental sustainability initiatives could also influence future import volumes and values.
