The import of precious metal compounds (excluding gold, silver, and amalgam) to India is forecasted to grow steadily from 2024 to 2028, starting at 250.64 million USD in 2024 and reaching 291.18 million USD by 2028. The year-on-year percentage variation shows a consistent growth rate of approximately 4.16% from 2024 to 2025, 3.91% from 2025 to 2026, 3.69% from 2026 to 2027, and 3.49% from 2027 to 2028.
Looking back at the previous two years, there is a visible trend of increasing imports, indicating a robust demand within the Indian market. The Compound Annual Growth Rate (CAGR) over the five-year period indicates a consistent average annual growth rate of about 3.81%.
Future trends to watch for include potential shifts in global precious metal markets, changes in India's industrial and technological demand, and geopolitical factors impacting trade. Monitoring these elements will be crucial to anticipate any deviations from the current forecasted growth trajectory.
