The forecasted import values for tyre cord fabric of high tenacity manmade yarn to India indicate a steady upward trend from 2024 to 2028, suggesting a continuous growth in demand. The Compound Annual Growth Rate (CAGR) over these years is calculated to be approximately 1.74%. Comparing the data to 2023, which is the last year of actual data, there is an evident increase in value, reflecting a positive growth trajectory.

Future trends to watch for:

Potential impacts of advancements in automotive technologies and their requirements for high-performance materials.
Global trade policies and changes in import duties affecting the cost and availability of raw materials.
Economic factors influencing automotive production and demand within India.
Innovations and developments in manmade yarns that may alter industry standards and preferences.