The projected import of sunglasses to India starting from 2024 shows a positive trend with values moving from 86.165 million USD in 2024 to 98.821 million USD by 2028. In 2023, the actual import value stood lower than the forecasted figures, indicating a growing demand.
Key observations:
- The year-on-year percentage increase is consistent, highlighting strong market growth.
- The compound annual growth rate (CAGR) over the five-year period suggests a steady and healthy industry expansion.
Future trends to watch include changes in consumer preferences towards sustainable and fashionable eyewear, potential impacts of international trade policies, and technological innovations like smart sunglasses which could influence the market dynamics and import volumes.
