As of 2023, the import of finishing agents and dye carriers to India stood at an actual volume of 17.537 million kilograms. Looking ahead, forecasts indicate a steady growth with volumes reaching 17.909 million kilograms by 2028, reflecting a consistent annual increase. The year-on-year growth is slight, but positive, highlighting a stable demand trajectory. Over the five-year forecast from 2024 to 2028, the compound annual growth rate (CAGR) is modest, suggesting a stable but gradual increase in imports.
Future trends to watch for include technological advancements in synthetic dye carriers, potential regulatory changes affecting import procedures, and shifts in global leather production that might alter import patterns to India. Monitoring these factors will be crucial for assessing future import dynamics.
