The forecast for the import of flexible plastic tubes, pipes, and hoses with a minimum burst pressure of 27.6 Mpa to India shows a declining trend from 2024 to 2028. Starting at approximately $4.197 million in 2024, the import value decreases annually, reaching around $3.1674 million by 2028.
Year-on-year, this represents decreasing percentage variations: a drop of 6.34% in 2025, 6.6% in 2026, 6.94% in 2027, and 7.31% in 2028, indicating an accelerating decline rate. Given this context, the compound annual growth rate (CAGR) over the five years is expected to be negative, roughly -6.9%.
Trends to watch for in the future include potential shifts in domestic production capabilities in India, changes in international trade policies, and technological advancements in flexible plastic tube alternatives, which may alter import needs and economic drivers.
