The import volume of P-Xylene to India is forecasted to progress from 1.1193 billion kilograms in 2024 to 1.256 billion kilograms by 2028. This represents a consistent year-on-year growth. In comparison to the actual import figures of 2023, where the value stood slightly below 1 billion kilograms, projections highlight a robust demand increase.
Year-on-year variations from 2024 to 2028 display a stable growth trend with percentage hikes suggesting bullish market conditions. When considering the compound annual growth rate, the average increase over these five years underscores a healthy expansion in import volumes.
Future trends to observe in the Indian P-Xylene market include potential impacts from domestic production adjustments, shifts in regulatory policies, and demand fluctuations driven by downstream industries. Global price changes and technological advancements in production might also influence the future import structures and strategies.
