In 2023, the import of mixed xylene isomers to India stood at an estimated 1.87 million kilograms. Forecast data for 2024 to 2028 shows a gradual decline in imports, with a year-on-year decrease of approximately 1.68% from 2024 to 2025, 1.67% from 2025 to 2026, 1.68% from 2026 to 2027, and again 1.67% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is negative, indicating a continuing downward trend in import volume.
Future trends to watch for include:
- The impact of domestic production capabilities on reducing the need for imports.
- Potential regulatory changes influencing import reliance.
- Market demand fluctuations in industries using mixed xylene isomers.
- Shifts towards alternative materials affecting the import demand.
