As of 2023, the actual import volume of ethylene to India is not provided in this dataset; however, the forecasted data from 2024 onwards illustrates a steady growth. The import volume is expected to grow from 78.979 million kilograms in 2024 to 88.301 million kilograms in 2028, showcasing a consistent upward trend. The year-on-year percentual increase for these years presents a pattern of modest growth, stabilizing at an average compound annual growth rate (CAGR) that indicates rising demand.
Future trends to watch for:
- Rising domestic industrial demand for ethylene in sectors such as plastics and packaging.
- Potential impacts of global oil prices and trade policies on import costs.
- Developments in local production capabilities that could affect import reliance.
- Environmental regulations which might influence demand and sourcing strategies.