Based on the projected data from 2024 to 2028, the import of wirewound variable resistors for a power handling capacity not exceeding 20 watts to India is set to increase gradually. In 2023, the import value stood at $3.28 million. The forecast reflects a continued annual increase, starting from $3.3843 million in 2024, and reaching $3.8132 million by 2028.

Year-on-year analysis shows a steady growth in import values with annual increments ranging from approximately 3.27% in the initial years to 3.06% towards later years. The compound annual growth rate (CAGR) over the five-year forecast period is around 3.08%.

Future trends to watch for include:

Technological advancements in electronics that may impact demand for resistors with specific capacities.
Changes in trade policies or tariffs affecting electronic component imports.
The potential rise of local manufacturing, which could alter import dynamics.
Global supply chain developments that might influence importation patterns in India.