The import volume of unwrought aluminium alloys to India is expected to show a consistent upward trend from 2024 to 2028. In 2024, the forecasted import volume stands at 356.61 million kilograms, rising by 3.83% to reach 370.25 million kilograms in 2025. The upward trajectory continues with a 3.61% growth to 383.62 million kilograms in 2026, a further increase of 3.41% to 396.72 million kilograms in 2027, and finally a 3.24% rise to 409.56 million kilograms in 2028. Over the five-year period from 2024 to 2028, the compounded annual growth rate (CAGR) is projected to be 3.45%, reflecting a steady demand for unwrought aluminium alloys in India.
Future trends to watch for include potential impacts of trade policies, fluctuation in raw material prices, and the growth in industries such as automotive, construction, and packaging, which are major consumers of aluminium alloys. Additionally, advancements in recycling technologies and sustainability initiatives may also influence future import volumes.
