The import of non-electric domestic appliances made of iron or steel to India is forecasted to increase steadily from USD 32.438 million in 2024 to USD 36.353 million in 2028. This indicates a consistent upward trend, with an average annual growth rate (CAGR) over the forecasted period. Given the steady rise, this suggests a strengthening demand for such imports, following on assumed 2023 figures.
- Year-on-year variation between 2024 to 2025 is approximately 3.1%.
- Year-on-year variation from 2025 to 2026 is around 3%.
- Year-on-year change from 2026 to 2027 is about 2.8%.
- Year-on-year shift from 2027 to 2028 is roughly 2.7%.
In the future, watch for shifts in domestic manufacturing capabilities, economic policies impacting trade, or changes in consumer preferences, as these could affect import levels. Furthermore, advancements in technology and sustainability practices may offer opportunities for market players to adapt and grow.
