From 2024 to 2028, the forecasted import value of unagglomerated iron ore and concentrate to India shows a steady increase, starting at 1.0919 billion USD in 2024 and reaching 1.3103 billion USD by 2028. This represents a robust cumulative growth rate over this period. Although specific data for 2023 is missing, such progression suggests a positive trend, driven potentially by India's increasing industrial demand.
Future trends to watch for include:
- India's infrastructure demands and associated policies nearing 2028 may further influence import rates.
- Fluctuations in global iron ore prices could impact cost-efficiency and trade balances.
- Domestic initiatives or investments in India aimed at reducing import reliance through increased self-production capabilities.