The forecasted import of refills for ballpoint pens to India from 2024 to 2028 shows a steady increase, starting at 141.75 thousand kilograms in 2024 and reaching 156.72 thousand kilograms by 2028. This represents an annual increase of approximately 2.8%. For context, the import volume stood at 138.00 thousand kilograms in 2023, indicating a consistent growth trajectory.
The overall Compound Annual Growth Rate (CAGR) over the five-year forecast period is expected to be around 2.5%, highlighting a stable import demand.
- Trend: Moderate year-on-year growth from 2024 to 2028.
- Factors: Increased consumer demand, potential reduction in domestic production.
- Watch: Policy changes, global supply chain shifts, innovations in writing instruments.