In 2023, the import of table and kitchen articles and parts of stainless steel to India stood at 3.1 million kilograms. The forecast from 2024 to 2028 shows a consistent increase, with growth from 3.2012 million kilograms to 3.7524 million kilograms. Year-on-year growth rates are approximately 4.4% from 2024 to 2025, 4.2% from 2025 to 2026, 3.9% from 2026 to 2027, and 3.7% from 2027 to 2028. The compound annual growth rate (CAGR) for the five-year period is estimated at around 4.1%, indicating a steady upward trend.
Future trends to watch for:
- Potential impact of domestic production capacity increases, which could reduce dependency on imports.
- Influence of international trade policies and tariffs on import costs.
- Changes in consumer preferences towards environmentally sustainable products could affect import demand.