The import of woven products of iron or steel, excluding stainless steel, to India is projected to grow steadily from 8.6243 million kilograms in 2024 to 9.8517 million kilograms by 2028. Compared to 2023, where these imports stood at approximately 8.3 million kilograms, the sector anticipates a consistent increase. The year-on-year growth rates are 3.66% for 2024, 3.67% for 2025, 3.61% for 2026, and 3.32% for 2027. The five-year compound annual growth rate (CAGR) is expected to be around 3.56%, indicating a robust upward trend.

Future trends to watch for include:

Global economic conditions impacting steel trade prices.
India's infrastructure developments necessitating increased steel demand.
Technological innovations potentially altering production methods and import dynamics.
Regulatory changes affecting trade policies between major iron and steel producing countries and India.