The import of pipe fittings of non-malleable cast iron to India is projected to decrease steadily over the next five years. Starting from 3.3805 million USD in 2024, it is expected to decline to 3.076 million USD by 2028. This represents a year-on-year decrease of approximately 2.54% on average. The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted to be around -2.31%. This downward trend could be influenced by factors such as domestic production increases or shifts in demand.

Future trends to watch for:

Potential policy changes influencing trade and import tariffs.
Developments in domestic manufacturing capabilities.
Changes in the demand driven by infrastructure projects or industrial expansion.
Global economic conditions affecting currency exchange rates and import costs.