The import volumes of pure aluminium plate, sheet, and strip to India are projected to gradually decrease from 2.8094 million kilograms in 2024 to 2.7809 million kilograms by 2028. This demonstrates a slight but consistent downward trend across the forecast period. Compared to the actual data of 2.816 million kilograms in 2023, there is a noticeable deceleration in import volumes with minor year-on-year percentage decreases. The compound annual growth rate (CAGR) over the projected five-year period suggests a very modest decline.
Future trends to watch for include potential changes in global demand for aluminium, shifts in domestic production capabilities, and any trade policy modifications that could impact import levels and pricing. Additionally, increased emphasis on sustainable practices might drive innovation in recycling and material efficiency, which could influence future import dynamics.
