In 2023, the import of clasps or buckles for clothing, footwear, and bags of base metal to India was 15.8 million kilograms. Forecasted data from 2024 to 2028 shows a consistent upward trend, with an annual growth rate ranging between approximately 3.7% and 3.2%. The compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be around 3.6%, indicating steady demand and import growth in this sector.

Future trends to watch for include potential increases in domestic manufacturing capabilities, which may impact import levels. Additionally, changes in global trade policies or material costs may alter the forecasted growth trajectory.

Year-on-year growth is anticipated to be consistent, reflecting stable demand in the market.
Technological advancements in manufacturing could influence the import volume.
Shifts in consumer preferences towards sustainable materials might impact base metal demand.