The forecast for the import of webs, mattresses, and other nonwoven fibreglass products to India shows a consistent upward trend from 2024 to 2028. Starting from a value of 9.6667 million kilograms in 2024, the import volume is expected to grow each year, reaching 11.051 million kilograms by 2028. Comparing the forecasted 2024 data with the actual import volume of 9.363 million kilograms in 2023, there is a noticeable increase.
Year-on-year, the volume increases at a stable rate of around 3.7% to 3.4% annually. The compound annual growth rate (CAGR) over the five-year period is approximately 3.5%, indicating steady growth in the demand for these nonwoven fibreglass products.
Future trends to watch for include shifts in India's manufacturing sector, potential trade policies affecting imports, advancements in fibreglass technology, and fluctuations in global supply chains. Additionally, increased demand in sectors like construction, automotive, and aerospace could further influence import volumes.
