In 2023, India imported 1.45 million kilograms of copper-zinc base alloy pipes or tubes. Based on the forecast, imports are expected to increase steadily from 2024 to 2028, reaching 1.8386 million kilograms by 2028. The year-on-year growth rate is expected to be around 5.1% from 2023 to 2024, with subsequent years witnessing rates slightly lower but sustaining upward momentum, averaging an annual growth rate of 4.6% over the five-year period. This trend suggests a consistent rise in demand for these alloys in the industrial and manufacturing sectors within India.
Future trends to watch for:
- Evolving industrial needs and technological advancements increasing demand for copper-zinc alloys.
- Potential external factors such as trade policies or supply chain disruptions impacting import volumes.
- Diversification of import sources and potential impacts on cost and supply reliability.