The import of polishes and creams for maintenance of woodwork to India is projected to decline steadily over the forecast period from 2024 to 2028. This declining trend is marked by year-on-year decreases, averaging a drop of about 2.1% per year. In 2023, imports stood at a higher volume compared to the projected figures.
Future trends to watch for include:
- The impact of domestic manufacturing expansion on import needs.
- Potential shifts in consumer preferences towards eco-friendly or alternative products.
- Changes in international trade policies or tariffs affecting import quantities.
