The forecast for the import of non-agglomerated lignite to India shows a steady increase from 2024 to 2028, with values estimated at 89.25 thousand USD in 2024, rising to 98.91 thousand USD by 2028. This indicates a consistent upward trend. For context, the last recorded actuals in 2023 should help map the baseline, although this data is not explicitly mentioned.
Year-on-Year Variation:
- From 2024 to 2025: The import value increases by approximately 2.8%.
- From 2025 to 2026: There's an increase of around 2.7%.
- From 2026 to 2027: A rise of about 2.5% is expected.
- From 2027 to 2028: The value grows by approximately 2.4%.
Average Variation (CAGR): Over the five-year forecasted period, the compound annual growth rate (CAGR) indicates an average yearly increase of approximately 2.6%.
Focusing on future trends, India’s increasing demand for lignite as a cost-effective energy source is likely to drive imports upward. However, potential shifts towards renewable energy and policy changes could impact this growth trajectory.
