The import of mats of glass fibres into India has seen a significant increase from 2013 to 2023, growing from 5.3529 million USD to 30.007 million USD. From 2024 onwards, the values are forecasted to continue to rise, reaching 36.782 million USD by 2028. The year-on-year variation for 2023 was 4.52%. The average annual growth rate (CAGR) over the past five years (2019-2023) was 4.38%.

Future trends to watch:

Continued moderate growth in imports, with a forecast 5-year CAGR from 2024 to 2028 expected to be 3.19%.
Technological advancements and potential changes in trade policies could impact import volumes and values.
Increased demand from sectors such as construction and automotive may drive higher imports.