In 2023, the import of Propene (Propylene) to India recorded at an undisclosed amount marked the starting point for the forecast period. From 2024 to 2028, the imports show a significant downward trend, with a forecasted decline from 917.84 thousand kilograms in 2024 to just 18.24 thousand kilograms by 2028. The year-on-year reduction reflects a sharp decrease of approximately 25% on average annually. Over the five-year period, the compound annual growth rate (CAGR) suggests a marked contraction of the market for imports of Propene.
Future trends to watch for include:
- Domestic production capabilities may impact imports.
- Policy changes affecting related industries or imports.
- Global market factors influencing supply and demand dynamics.
- Technological advancements impacting propylene production and usage.
