In 2023, the import of aluminium wire with a thickness not exceeding 7 mm to India stood at 349 thousand kilograms. Forecasted data from 2024 to 2028 indicate a declining trend, starting from 333.14 thousand kilograms in 2024 and decreasing at an average annual rate of 5.08% to reach 271.13 thousand kilograms by 2028.
Future trends to watch for include:
- Global and domestic demand fluctuations affecting import needs.
- The impact of technological advancements on domestic production capabilities.
- Potential shifts in trade policies and tariffs that may alter supply chain dynamics.