In 2023, the import volume of plastic fittings for furniture and coachwork to India stood at 2.524 million kilograms. Forecast for the upcoming years shows a steady increase, with projections reaching 3.0016 million kilograms by 2028, representing a compound annual growth rate (CAGR) of approximately 3.40% over five years. The forecasted growth aligns with a positive year-on-year increase, illustrating a consistent upward trend in demand.
Future trends to watch for include:
- Technological advancements enhancing product efficiency and sustainability.
- Increased domestic production potentially impacting import levels.
- Policy changes affecting trade regulations and tariffs.
