The import of aluminium wire in India is projected to steadily increase from 2024 to 2028, with volumes rising from 103.16 million kilograms in 2024 to 125.87 million kilograms by 2028. The base value in 2023 was recorded at 97.45 million kilograms, marking its relevance for comparison. Each year, a noticeable growth is observed, with a year-on-year increase reaching 5.67% and appropriate compound growth over five years suggesting a CAGR of 4.72%.
Future trends to watch for include potential impacts of global aluminium prices, shifts in domestic demand due to infrastructure projects, and possible geopolitical influences affecting trade regulations. Technological advancements in wire production could also influence import needs.
