India's iodine import volume in 2023 stood at approximately 4.9 million kilograms. The forecasted growth shows a clear upward trend from 2024 to 2028, with import volumes expected to rise each year. Specifically, 2024 marks an anticipated import volume of 5.0661 million kilograms, increasing annually to reach 5.6617 million kilograms by 2028. This represents an average annual growth rate (CAGR) over this period. The year-on-year percentage variations are consistently positive, indicating a steady increase in import volumes.
Future trends to watch for include changes in global iodine supply dynamics, India's domestic production capabilities, and potential shifts in demand driven by new industrial or medical applications. Monitoring economic policies impacting trade and supply chain disruptions could also influence India's iodine import strategy moving forward.
