The import of tubes of glass other than low expansion to India is poised to experience a steady upward trend. From a volume perspective, after standing at an estimated 21.21 million kilograms in 2023, forecasted import volumes increase incrementally to reach 25.09 million kilograms by 2028.
Year-on-year growth indicates consistent rises: 3.67% from 2024 to 2025, 3.48% from 2025 to 2026, 3.28% from 2026 to 2027, and further climbing at 3.12% into 2028. The compound annual growth rate (CAGR) is a moderate 3.54% over the five-year period.
Future trends to observe include:
- Technological advancements in glass manufacturing impacting import demands.
- Fluctuations in global supply chains affecting import volumes and pricing.
- Policy changes or trade agreements influencing the economic landscape and import strategies in India.
