Key Market Indicators
Metal imports in India are forecast to reach 45.28 million metric tons by 2026. This is a 2.3% year-on-year average growth rate from the 39.52 million metric tons imported in 2021. This growth rate is higher than the 3.1% year-on-year growth rate experienced since 1975. India ranks 12th in the world for metal imports, with Belgium overtaking it in 2021 with 39.52 million metric tons. Japan, South Korea and Germany rank 2nd, 3rd, and 4th respectively.