Based on the forecasted data, the import of fixed electrical resistors to India shows a declining trend from 518.12 thousand kilograms in 2024 to 419.33 thousand kilograms by 2028. This reflects a year-on-year decrease of approximately 5% consistently. From the actual data up to 2023, which saw a significant volume, this continued decrease yields a Compound Annual Growth Rate (CAGR) of about -5.14% over the five-year forecast period.
Future trends to watch for include:
- The impact of domestic manufacturing which might reduce dependency on imports.
- Technological advancements that could either reduce the need for these components or alter the types being used.
- Policy shifts favoring local production and potential incentives for technology upgrades in industries that use these resistors.