The forecasted import data for dies used in drawing or extruding metal in India reveals a declining trend from 2024 to 2028. In 2024, imports are anticipated to be 677.24 thousand kilograms, decreasing through subsequent years to 281.34 thousand kilograms by 2028. The year-on-year percentage decrease indicates a consistent downward trajectory, suggesting shrinking demand or increased domestic production capabilities. The compounded annual growth rate (CAGR) over the five-year period is expected to be negative, reflecting a persistent contraction in import volumes.
Future trends to watch for include potential changes in domestic production capacity, government policy affecting import duties, or technological advancements in metal extrusion that could influence the import trends of these dies. Moreover, shifts in global metal markets or trade agreements might further impact import volumes.
