In 2023, the import of cooking appliances for liquid fuel of iron or steel to India was recorded at 234.5 thousand. The forecasted figures indicate a steady growth in imports from 2024 to 2028. Between 2024 and 2028, the year-on-year percentage increase ranges roughly from 3.3% to 2.8%, reflecting a consistent upward trend. The Compound Annual Growth Rate (CAGR) over this period is approximately 3.2%, suggesting moderate yet stable growth.
Future trends to watch for include potential shifts in the energy sector, such as increased adoption of alternative energy cooking solutions and regulatory changes impacting steel and iron imports. Additionally, economic fluctuations and changes in consumer preferences for energy efficiency may influence import volumes.
