In 2023, the import value of master alloys of copper to India stood at 1.4218 million USD. The forecasted data from 2024 to 2028 indicates a steady growth in imports value, demonstrating a compound annual growth rate (CAGR) over the five-year period.
Observing year-on-year trends:
- From 2023 to 2024, the value grows by 2.68%.
- 2024 to 2025 shows an increase of 2.80%.
- From 2025 to 2026, there's growth at a rate of 2.67%.
- A rise of 2.55% is seen from 2026 to 2027.
- A steady growth of 2.44% is expected from 2027 to 2028.
Future trends to watch for include changes in global demand for copper alloys, fluctuations in international market prices, and potential shifts in India's domestic manufacturing policies which may affect import needs and capacities.
