The forecast for the import of optical fibres and cables to India from 2024 to 2028 indicates a steady decline in volume. The value stands at 796.59 thousand kilograms in 2024 and progressively decreases to 331.48 thousand kilograms by 2028. In 2023, the volume was slightly higher, setting the stage for this downward trajectory. The year-on-year variances show an average decline, signaling a contracting import market, with the five-year CAGR reflecting a consistent downward trend.
Future trends may include:
- Increased domestic production capabilities reducing reliance on imports.
- Potential policy changes impacting import duties.
- Technological advancements leading to a shift in demand dynamics.
- Geopolitical factors influencing trade relationships and import patterns.
