The import of moulds for metals, plastics, and rubber to India has seen significant variations over the years. Starting from USD 487.2 million in 2013, the value reached USD 817.27 million in 2023, highlighting notable growth. The highest year-on-year increase was observed in 2015 at 19.85%, while 2016 witnessed a significant decline of 18.6%. The CAGR over the past five years stands at 3.28%, indicating a steady growth trajectory. The forecast for 2028 suggests a continued upward trend, with a 5-year CAGR of 2.52% and an estimated value of USD 959.68 million, marking a 13.28% growth over five years.
Future trends to watch for:
- Increasing adoption of advanced manufacturing technologies, which could drive higher demand for mould imports.
- Economic and policy changes in India that could impact import levels.
- Shifts in global supply chains and trade relations influencing import volumes and values.
- Sustainability initiatives pushing for new materials and moulding techniques.
- Technological advancements and innovations in the moulding industry.