The import of oxalic acid to India is forecasted to increase from 4.7542 million kilograms in 2024 to 5.282 million kilograms by 2028. This represents a steady year-on-year growth rate of approximately 2.8% to 3% each year. In 2023, the import volume was slightly lower than 4.7542 million kilograms, marking a consistent upward trajectory in demand.
Future trends to watch for include:
- Potential changes in domestic production capabilities that could affect import volumes.
- Shifts in regulatory policies influencing chemical imports.
- Variations in global market prices impacting import costs and volumes.
