In 2023, India imported 5.65 million kilograms of hydraulic brake fluids and other prepared liquids for hydraulic transmission. The forecast for the following years indicates a steady increase in imports, reaching 6.6017 million kilograms by 2028. Year-on-year growth from 2024 onward ranges between approximately 3.33% and 2.86%. The compound annual growth rate (CAGR) for the 2024-2028 period is projected to be around 3.11%, reflecting a consistent upward trend.
Future trends to watch for include potential shifts in trade policies, changes in automotive industry demand, technological advancements in hydraulic systems, and environmental regulations that may impact the dynamics of hydraulic fluids importation. Monitoring these factors could significantly influence market behaviors and expectations.
