The import value of extruders for working rubber or plastic to India stood at approximately 1.54 thousand in 2023. The forecasted growth indicates a steady increase year-on-year from 2024 to 2028, at approximately 3.16% cumulatively from 2024 to 2025, and 2.45% from 2025 to 2026. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 2.71%.
Future trends to watch for include:
- Growing demand in the automotive and consumer goods sectors, which may drive higher imports.
- Technological advancements in extruder efficiency and capacity that could influence import volumes.
- Policy changes related to trade tariffs and duties affecting cost-competitiveness.