In 2023, the import of acrylic and vinyl polymer-based paint and varnish to India stood at approximately 20 million USD. The forecasted data from 2024 to 2028 indicates a gradual increase in import value, reaching 23.549 million USD by 2028. The year-on-year variation highlights a consistent growth pattern with slight increases each year. Over the forecasted period, the compound annual growth rate (CAGR) indicates a steady annual increase in import values.
Future trends to watch for:
- Impact of domestic production on import demand.
- Fluctuations in raw material prices affecting costs.
- Potential policy changes influencing trade dynamics.
