The import of bar, rod, and profiles of copper-zinc base alloys to India is projected to steadily increase over the 2024-2028 period, with values forecasted to rise from 64.871 million USD in 2024 to 73.551 million USD by 2028. Comparing year-on-year growth, the values are expected to rise between 3.4% to 3.4% annually. In 2023, the import value stood below 64.871 million USD, indicating a progressive upward trend. Over these five years, the compound annual growth rate (CAGR) is approximately 3.3%.
Future trends to watch for include potential fluctuations in global copper-zinc prices, which could significantly impact import costs. Additionally, changes in India's domestic production capabilities or advancements in alternative materials might affect this market's growth trajectory.
