The forecasted import of cyclic hydrocarbons to India shows an upward trend from 2024 to 2028. The data reveals the following projected imports in billion USD: 3.3654 in 2024, 3.4767 in 2025, 3.5857 in 2026, 3.6925 in 2027, and 3.7972 in 2028. The year-on-year variations indicate a steady growth:
- 2024 to 2025: approximately 3.3% increase
- 2025 to 2026: approximately 3.1% increase
- 2026 to 2027: approximately 3.0% increase
- 2027 to 2028: approximately 2.8% increase
The compound annual growth rate (CAGR) over the five-year period (2024-2028) is approximately 3.06%, showing a consistent increase.
Future trends to watch include potential global market fluctuations, changes in domestic production capacities, and policy shifts towards sustainable energy sources which could impact the import volumes of cyclic hydrocarbons in India. Monitoring technological advancements and economic policies will be critical in predicting long-term trends in this sector.
