The forecast for the import of new pneumatic tyres of rubber for buses or lorries to India shows a marginal decline from $126.36 million in 2024 to $126.17 million by 2028. The year-on-year variation indicates a consistent decrease of approximately 0.04% annually over the forecast period. This minimal decline reflects a stable but slightly decreasing demand in this sector. The CAGR over the five-year forecast is nearly flat, suggesting no significant fluctuations or growth.
Future trends to watch for include advancements in domestic tire manufacturing capacity, which could further reduce dependency on imports. Additionally, fluctuations in global rubber prices and changes in Indian logistics and transportation policies could impact import levels.
