The forecast for India's naphthalene imports suggests a declining trend from 2024 to 2028. In 2023, the imports stood at slightly above 18.9 million kilograms. The predicted values indicate a decrease of approximately 7.1% in 2025 and a further 7.5% in 2026. By 2027, imports are expected to fall by 8%, and by 2028, they are projected to decrease by an additional 8.5%. The compound annual growth rate (CAGR) over the next five years is negative, reflecting a consistent decline in import volumes.
Future trends to watch include potential policy changes aimed at boosting domestic production, technological advancements in synthetic substitutes, and shifts in demand from sectors reliant on naphthalene. These factors could further influence the import volumes and market dynamics in India.
