The import of tugs and pusher crafts to India is projected to gradually decline from 2024 to 2028, with minor decreases observed each year. In 2023, the import value registered at a slightly higher level than the 2024 forecast. As we move through the projected years, the import value decreases at a steady rate, indicating an ongoing downward trend in demand or possibly increased domestic production.
Future trends to watch:
- Potential shifts in India's maritime policies or infrastructure investment might influence imports.
- Monitor developments in domestic shipbuilding capabilities that could reduce reliance on imports.
- Global economic conditions may also affect trade dynamics and import levels.