In 2023, the import of Filament Tow of Nylon or Other Polyamides to India stood at 1.475 million US Dollars. The forecasted data from 2024 for the following five years shows a consistent declining trend:
2024: 1.2467 million US Dollars
2025: 1.0104 million US Dollars
2026: 0.77873 million US Dollars
2027: 0.55174 million US Dollars
2028: 0.32929 million US Dollars
The year-on-year variation from 2024 to 2025 shows a decrease of approximately 18.9%, and from 2025 to 2026, the reduction further declines by around 22.9%. The forecasted CAGR from 2024 to 2028 indicates an average annual decrease of about 26% in import value.
Future trends to watch for:
- Changes in domestic production capacity of filament tow, impacting import dependence.
- Potential shifts in trade policies and tariffs affecting import costs.
- Development and adoption of alternative materials, potentially reducing nylon/polyamide demand.