The forecasted import of gold compounds to India shows a positive trend with values increasing from 17.991 million US dollars in 2024 to 22.21 million US dollars in 2028. In 2023, the import value stood at 16 million US dollars. The year-on-year percentage growth over the last two years indicates steady increases, with 6.04% growth from 2024 to 2025, and a 5.58% rise from 2025 to 2026. The compound annual growth rate (CAGR) over the next five years is a robust 5.34%.
Trends to watch for in the future include:
- The impact of changes in global gold prices on import values.
- The influence of domestic policies and tariffs on gold compound imports.
- Shifts in consumer demand for gold-based products.
- Technological advancements in gold compound applications in industries such as electronics and healthcare.
- India's economic growth rate and its correlation with gold compound consumption.