In 2023, India's import volume of pumps for dispensing fuel or lubricants stood at 1.193 million kilograms. Forecasted data from 2024 to 2028 shows a steady increase, reaching 1.3243 million kilograms by 2028. Year-on-year variations are moderate, with an upward trend in imports. Between 2023 and 2024, a gain of 2.23% is expected, followed by annual growth of approximately 2.25% - 2.50% each subsequent year. The compound annual growth rate (CAGR) for 2024 to 2028 is approximately 2.2%.
Future trends to watch for include shifts in global energy policies driving demand, technological advancements in pump efficiency, and India's ongoing infrastructural developments impacting the import dynamics of these pumps.
