The forecasted import of furniture parts to India shows a steady increase from 2024 to 2028, with values ranging from 19.767 million kilograms in 2024 to 22.339 million kilograms in 2028. In 2023, the actual import value was [previous year data needed]. The year-on-year growth percentage between 2023 and 2024 is calculated to be [insert percentage], with similar incremental rises each subsequent year.
Variations:
- 2024: +[insert percentage] from 2023
- 2025: +3.35%
- 2026: +3.19%
- 2027: +3.03%
- 2028: +2.87%
The Compound Annual Growth Rate (CAGR) over the five-year period is projected to be [insert CAGR], indicating a stable yet modest annual growth.
Future trends to watch for include potential impacts of trade policies, manufacturing shifts, and technological advancements in furniture production, which could influence import demands. Monitoring inflation rates and changes in consumer preferences could also affect future imports.