The forecast for the import of snow-ski equipment, excluding skis and bindings to India, shows a downward trend from 2024 to 2028. The import volume is projected to decrease from 19.76 thousand kilograms in 2024 to 13.72 thousand kilograms by 2028. In 2023, the import volume stood at 21.5 thousand kilograms, reflecting a continued decline in imports as indicated by the data.
Year-on-year analysis reveals a steady reduction in import volumes, with notable decreases in each subsequent year. The compound annual growth rate (CAGR) for this period highlights an average annual decline in import volumes.
Future trends to watch include the potential impact of changing climate conditions on winter sports activities, shifts in consumer preferences, and economic factors that may affect discretionary spending on leisure goods. Additionally, advancements in local manufacturing could further influence import dynamics.
