In 2023, the import value of Tin and Articles Thereof to India stood at an estimated 270.50 million USD. The forecast for 2024 shows a growth to 282.18 million USD, representing a year-on-year increase of approximately 4.3% from the previous year. The subsequent years continue the trend, with values projected to rise to 290.86 million USD in 2025 (a growth of 3.1%), 299.37 million USD in 2026 (a growth of 2.9%), 307.71 million USD in 2027 (an increase of 2.8%), and reaching 315.88 million USD in 2028 (a rise of 2.7%). The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 3.2%, indicating a steady increase in the import value of tin and related articles.
Future trends to watch for include the potential influence of global tin prices due to supply chain adjustments, the impact of technological advancements in tin applications, and India's industrial demand shifts. Additionally, any modifications in trade policies or international agreements may substantially impact import dynamics over this period.
