The import of injection or compression types moulds for rubber or plastic to India is forecasted to increase steadily from 13.019 million kilograms in 2024 to 15.072 million kilograms in 2028. This represents a compounded annual growth rate (CAGR) of approximately 3.7% over the five-year period. In 2023, the actual volume stood at approximately 12.5 million kilograms, suggesting a gradual increase in imports.
Year-on-year growth is consistent, highlighting a stable demand for these moulds driven by expanding industrial applications and increased manufacturing activities. The projected steady growth suggests a robust market aligned with India's expanding production capabilities.
Future trends to watch include advancements in moulding technology, increased domestic production, and potential shifts in trade policies that might impact import dynamics. Sustainable manufacturing practices and the expansion of the electric vehicle market could further influence demand for advanced moulding technologies.
