The forecast for the import of stranded steel wire or cable not electrically insulated into India shows a consistent upward trend from 2024 to 2028. Starting at 70.847 million kilograms in 2024, it is expected to increase to 82.799 million kilograms by 2028. The year-on-year growth showcases steady increments: 4.35% in 2025, 4.08% in 2026, 3.85% in 2027, and 3.63% in 2028. Over this 5-year forecast period, the compound annual growth rate (CAGR) averages around 4.03% from 2024, indicating robust demand.

Future trends to watch for:

Increased industrial applications and infrastructure developments in India, driving demand.
Potential policy changes affecting import tariffs, impacting volume costs.
Technological advancements might affect the preference between insulated and non-insulated wires.