The import of piezo-electric quartz to India is predicted to decrease steadily from 2024 to 2028, beginning at 12.18 thousand kilograms in 2024 and declining to 10.01 thousand kilograms in 2028. This reflects a compound annual growth rate (CAGR) that indicates a continuing downward trend. To provide context, the import values in 2023 were higher, marking the beginning of the decline in subsequent years.
Future trends to watch for include:
- Technological advancements impacting domestic production, potentially reducing import reliance.
- Shifts in global trade policies affecting import prices and demand.
- Increasing alternative materials, influencing the demand for piezo-electric quartz.