In 2023, India's import of oxygen stood at 3.0456 million kilograms. The forecasted data indicates a steady increase in imports from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 5.6%. Year-on-year, the growth from 2024 to 2025 is projected at 6.3%, from 2025 to 2026 at 5.8%, from 2026 to 2027 at 5.4%, and from 2027 to 2028 at 5.0%.
Future trends to watch include potential increases in demand due to industrial growth and healthcare expansion, shifts in global supply chains, and changes in national policies regarding oxygen production and importation. Monitoring these factors will be crucial for adjusting forecasts and strategies.
