The forecast for Indian imports of cast iron baths shows a consistent decline from 2024 to 2028. The value, expressed in thousand US dollars, is projected to decrease from 204.85 in 2024 to 141.57 in 2028. For comparison, the 2023 value stood at 221.23 thousand US dollars. The year-on-year decline is notable, with a reduction of 7.96% from 2024 to 2025, and a steady annual decline of around 8-9% subsequently. The compound annual growth rate (CAGR) over these five years reflects an average annual decrease of 7.42% in import values.
Future trends to watch for:
- Changes in local production capabilities of cast iron baths in India.
- Shifts in consumer preferences towards alternative materials or designs.
- Policy changes affecting import duties or incentives for domestic production.
- Fluctuations in global raw material prices affecting cast iron costs.
