The import of piezo-electric quartz to India is on a declining trend from 2023, where the value stood at approximately 1.6325 million US dollars. From 2024 to 2028, the value shows a slight annual decrease. Specifically, the year-on-year change from 2024 to 2025 is about -0.46%, continuing this pattern with a similar decrease through 2028, which suggests a compound annual growth rate (CAGR) of approximately -0.36% over these five years.
Future trends to watch for:
- The demand for piezo-electric applications and its influence on import requirements.
- Technological advancements that might alter the need for imported piezo-electric quartz.
- Changes in India's manufacturing and sourcing strategies affecting import volumes.
- Global market dynamics, such as shifts in main trading partners or supply chain structures.