The import of woven fabric of glass fibres to India has shown a gradual increase. In 2023, imports stood at 21.5 million kilograms. The forecast data for subsequent years indicates a steady rise: 22.936 million kilograms in 2024, 23.866 in 2025, 24.777 in 2026, 25.67 in 2027, and 26.545 in 2028.
Year-on-year, the import volume is expected to rise by approximately 4% from 2024 to 2025, 3.8% from 2025 to 2026, 3.6% from 2026 to 2027, and 3.4% from 2027 to 2028. The compounded annual growth rate (CAGR) over the five-year period (2024-2028) is estimated to be around 4%.
Future trends to watch for include the potential impact of technological advancements in glass fibre production, shifts in global trade policies, and the development of new applications for glass fibres in various industries. Additionally, domestic production capabilities and government incentives could influence the import volume significantly.
