In 2023, India imported glass and glassware valued at approximately $1.62 billion USD. The forecast for 2024 shows a value of $1.6876 billion USD, marking a year-on-year increase of around 4.2%. This upward trend continues with forecasted imports in 2025 reaching $1.7538 billion USD, a further rise by approximately 3.9%. The projected compound annual growth rate (CAGR) from 2024 to 2028 is about 3.6%, as imports are expected to grow steadily.
Future trends to watch for include:
- Domestically driven demands in construction and automotive sectors sparking import growth.
- Technological advancements and eco-friendly innovations in glass production influencing import volumes.
- Global economic shifts or policy changes impacting trade agreements and tariffs.
