India's import of petroleum gases and other gaseous hydrocarbons stood at 21.42 billion USD in 2023. The forecasted data shows a steady rise, reaching 22.257 billion USD in 2024, 23.12 billion USD in 2025, 23.965 billion USD in 2026, 24.794 billion USD in 2027, and 25.606 billion USD in 2028. Year-on-year growth rates are 3.91% for 2024, 3.88% for 2025, 3.66% for 2026, 3.46% for 2027, and 3.28% for 2028. The cumulative average growth rate (CAGR) over these five years is expected to be approximately 3.64% annually.
Future trends to watch for include potential shifts in global energy policies, advancements in renewable energy, changes in domestic production capabilities, and geopolitical factors which could affect supply chains and pricing stability for India's gaseous hydrocarbon imports.
