In 2023, the import of drawn glass sheet that is colored, absorbing, reflecting, or opaque to India stood at a certain value, and forecasts indicate a decline from 2024 to 2028. Year-on-year data shows a decreasing trend, with significant drops each year: 13.25% in 2025, 14.95% in 2026, 17.24% in 2027, and 20.38% in 2028. The compound annual growth rate (CAGR) over the forecast period is expected to be negative, reflecting consistent declines in import value.
Future trends to watch for:
- Shifts in domestic production capacity impacting import necessity.
- Potential changes in tariff or trade policies affecting cost structures.
- Technological advancements that could alter demand or application.
