In 2023, the import of plastic frames and mountings for spectacles to India was valued at 26.3 million USD. The forecasts indicate a steady growth trend from this point onwards. In 2024, imports are projected to reach 27.3 million USD, showing a year-on-year growth of approximately 3.8%. This upward trajectory continues, with forecasts suggesting a consistent annual increase, reaching 31.8 million USD by 2028.
Future trends worth monitoring include:
- Potential changes in consumer preferences towards eco-friendly materials that could affect plastic imports.
- The impact of domestic manufacturing initiatives on reducing import dependency.
- Global trade policies or economic shifts influencing import costs and supply chains.
