The import volume of glass balls (except microspheres) to India is projected to grow steadily from 2024 to 2028. In 2023, the actual import volume was lower than the forecasted 921,480 kilograms for 2024. Projected year-on-year growth rates for the years 2025 to 2028 show consistent increases of around 4% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 4%, reflecting a robust upward trend in imports.
Future trends to watch for include:
- Potential impacts of trade policies or tariff changes affecting import costs.
- Technological advancements or substitutes that might affect demand for glass balls.
- Economic conditions influencing industrial applications that require glass balls.