The import of flat rolled iron or non-alloy steel painted, varnished, or coated with plastics of a width of 600 mm or more to India is forecasted to see a gradual increase from 2024 to 2028. Starting at 309 million kilograms in 2024 and rising to 344.41 million kilograms by 2028, this commodity shows a promising year-on-year growth rate, with a steady CAGR anticipated over the five-year period. In 2023, it stood at an actual volume lower than in 2024, indicating a consistent upward trend.
Key trends to watch for in future years include:
- Technological advancements in coating processes that may affect import volume and demand.
- Policy changes impacting tariffs and trade agreements which could influence import dynamics.
- Market demand fluctuations driven by India's infrastructural and industrial growth.
