The forecasted import of glass beads and imitation stones to India shows a consistent upward trend from 2024 to 2028. Starting from a base value of 202.42 million USD in 2024, it increases annually, reaching 235.8 million USD by 2028. This translates to a year-on-year percentage increase of approximately 4.26% in 2025, 4.00% in 2026, 3.75% in 2027, and 3.56% in 2028. The forecasted Compound Annual Growth Rate (CAGR) over the five years (2024-2028) is approximately 3.89%.
For the years leading up to the forecast period, consideration should be given to the actual 2023 import value to understand the growth trajectory. As of 2024, we are observing a period of consistent growth.
Future trends to watch for include:
⦁ Potential impacts of changes in trade policies and tariffs.
⦁ Shifts in fashion and consumer preferences impacting demand for these materials.
⦁ Advances in domestic production capabilities potentially reducing dependence on imports.
⦁ Economic factors influencing the purchasing power and market dynamics in India.
