The import of aluminium oxide to India has shown an increasing trend. In 2023, the import value stood at 1.68 billion USD. The forecast for 2024 is 1.767 billion USD, indicating an approximate year-on-year increase of 5.2%. Subsequently, for 2025, 2026, 2027, and 2028, the values are projected at 1.8602, 1.9515, 2.041, and 2.1287 billion USD, respectively. Year-on-year variations exhibit steady growth: 5.27% from 2024 to 2025, 4.91% from 2025 to 2026, 4.58% from 2026 to 2027, and 4.29% from 2027 to 2028. Over the last five years, the average Compound Annual Growth Rate (CAGR) is approximately 5%.
Future trends to watch for include potential shifts in global aluminium demand, technological advancements in aluminium production, and policy changes affecting import tariffs. The increasing focus on sustainable and eco-friendly manufacturing processes may also impact aluminium oxide imports.
