In 2023, India's import of chromium oxides and hydroxides was valued at 4.86 million US dollars. The forecast for 2024 is 5.0402 million US dollars, marking a 3.71% year-on-year increase. For 2025, the expected value is 5.2274 million US dollars, a rise of 3.71% from the previous year. By 2026, forecasts suggest an increase to 5.411 million US dollars, up by 3.51%, while 2027 predicts a 3.33% increase to 5.5908 million US dollars. The year 2028 indicates a rise to 5.7671 million US dollars, a 3.15% increase over 2027. The compound annual growth rate (CAGR) over this period is approximately 3.48%.
Future trends to watch:
- Sustainability influences in chromium sourcing and usage.
- Technological advancements in manufacturing with chromium compounds.
- Global market shifts impacting chromium oxide pricing and availability.
