In 2023, the import value of dies for drawing or extruding metal to India was significantly higher than the forecasted values, reflecting a gradual declining trend from 2024 to 2028. The year-on-year variation indicates a consistent decrease in the value of imports: a 0.39% drop from 2024 to 2025, a 0.38% decrease from 2025 to 2026, a reduction of 0.38% from 2026 to 2027, and a 0.37% decrease from 2027 to 2028. The compound annual growth rate (CAGR) indicates a yearly average decrease, underscoring a gradual reduction trend over the coming years.
Future trends to watch for include potential technological advancements in domestic production that could reduce import reliance, fluctuations in global metal prices influencing import costs, and policy changes impacting trade dynamics. Monitoring these factors will help in understanding the evolving landscape of this import segment.
