Forecast: Import of Press-Fasteners, Snap-Fasteners and Press-Studs to India

In 2023, the actual import volume of press-fasteners, snap-fasteners, and press-studs to India was 2.097 million kilograms. The forecast for 2024 indicates a slight decline to 2.0486 million kilograms. By 2028, the volume further declines to 1.8717 million kilograms. The year-on-year percentage change reveals a continuous decrease, with a compound annual growth rate (CAGR) over the five-year forecast period showing a negative trend.

Future trends to watch for include:

  • Potential impact of import substitution strategies, as India may boost local manufacturing capabilities.
  • Changes in global supply chain dynamics that could affect import patterns.
  • Environmental and regulatory shifts impacting the demand for these products.

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