The import of polymers of ethylene to India is forecasted to increase steadily from 2024 to 2028, beginning with 541.47 million kilograms in 2024 and reaching 631.43 million kilograms by 2028. The forecasted year-on-year growth rates demonstrate a consistent increase of approximately 4% to 5% annually over this period. The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to be around 4.5%, indicating a robust upward trend in the import volume. As of 2023, the import volume stood at 520 million kilograms, marking a notable upward shift in subsequent years.
Future trends to watch for include:
- Potential shifts in global market dynamics affecting ethylene supply.
- Domestic demand acceleration due to industrial expansion.
- Policy changes impacting import regulations and tariffs.
