The import of refined unwrought lead into India is forecasted to grow steadily from $355.85 million in 2024 to $397.7 million in 2028. The value for 2023 is not provided for a point of comparison against future projections. The expected year-on-year growth rates from 2024 to 2028 are approximately 3.04%, 2.89%, 2.74%, and 2.63%, respectively, indicating a trend of gradually slowing growth over the period. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be about 2.82%.
Future trends to watch for include:
- Changes in global lead supply and demand, which could impact pricing and import volumes.
- Technological advancements and environmental regulations affecting lead utilization.
- India's economic growth and industrial demand for lead, particularly in sectors like battery manufacturing and construction.