The import of vessels and other floating structures for breaking up in India indicates persistent growth. The forecast for 2024 to 2028 shows a steady increase from 4.17 billion kilograms in 2024 to 4.77 billion kilograms in 2028. With no data adjustments for 2023, this trend signifies a positive trajectory in the volume of imports.

Key trends to watch include:

Potential shifts in global shipping policies affecting vessel decommissioning.
Technological advancements in sustainable shipbreaking techniques.
Evolving environmental regulations impacting the dismantling and recycling process.