The import of used pneumatic tyres to India is projected to decline annually from 2024 to 2028. In 2023, the volume stood at a higher level compared to future forecasts. From 2024 to 2025, the import value is expected to decrease by approximately 13.3%. This downward trend continues with a 15% reduction in 2026, a 17.3% drop in 2027, and a 20.3% decrease in 2028. The Compound Annual Growth Rate (CAGR) for 2024-2028 also indicates a consistent decline.
Future trends to watch for include potential regulatory changes impacting imports and domestic market dynamics. Additionally, advancements in recycling technologies could influence demand for used tyres.
