The import of hoods with a maximum horizontal side not exceeding 120 cm to India is forecasted to increase from 8.5865 million kilograms in 2024 to 10.096 million kilograms by 2028. This growth indicates a consistent upward trend. In 2023, the import volume was recorded at a lower figure, setting the stage for this projected growth to occur. The year-over-year increases reflect steady growth: 2025 rising by about 4.5%, 2026 featuring a 4.2% increase, 2027 climbing by 4%, and 2028 with a 3.77% increase. The compound annual growth rate (CAGR) for the 2024-2028 period is approximately 4.1%.
Future trends to watch for include potential shifts in domestic production capacities, changes in consumer preferences impacting demand, and external factors such as tariffs and trade regulations. Technological advancements in hood designs could also influence imports.
