The forecast for import of air gun pellets and parts of shotgun cartridges to India from 2024 to 2028 shows a steady upward trend, with a projected increase from 121.34 thousand kilograms in 2024 to 141.07 thousand kilograms in 2028. In 2023, the import volume stood at a slightly lower level, which indicates a consistent year-on-year growth ranging between 4.19% to 3.52%. The Compound Annual Growth Rate (CAGR) over this period is positive, underscoring a gradual but steady increase in import demand.
Future trends to watch for include potential policy changes impacting import tariffs and regulations, shifts in recreational shooting and hunting activities, and economic factors influencing consumer spending and market dynamics. Additionally, technological advancements in shooting sports equipment could also influence future import volumes.
