In 2023, the import of Balata, Gutta-Percha, Guayule, Chicle, and similar gum to India stood at a value that is exceeded annually by all forecasted years from 2024 to 2028. The trend over the forecast period shows a consistent decline from 7.47 thousand USD in 2024 to 4.34 thousand USD by 2028.
The year-on-year percentage decline from 2024 to 2025 is 10.85%, from 2025 to 2026 is 11.86%, from 2026 to 2027 is 13.13%, and from 2027 to 2028 is 14.90%. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) reflects a declining trend.
Future trends to watch for include:
- Potential shifts towards synthetic or alternative materials reducing demand.
- Environmental policies impacting traditional gum sources.
- Economic factors in India affecting import capacity and trade regulations.
