The import of unwrought aluminium alloys to India is forecasted to see a steady increase from 2024 to 2028, growing from 803.84 million USD in 2024 to 925.72 million USD in 2028. Year-on-year percentage variations highlight a consistent upward trend, with annual growth rates reflecting a positive trajectory for the coming years. Utilizing a compounded average growth rate (CAGR) from 2024 to 2028, the data suggests stable, persistent growth over this period.
Future trends to watch for include:
- Infrastructure developments and industrial growth driving demand for aluminium alloys.
- Potential fluctuations in global aluminium prices affecting import volumes.
- India's policy changes on raw material imports impacting market dynamics.
- Advancements in recycling technology possibly reducing dependency on imports.