The import of aluminium stranded wire, cable, and plait to India is forecasted to increase steadily from 1.03 million kilograms in 2024 to 1.1858 million kilograms in 2028. Comparing with 2023 figures, which are not explicitly provided here, the consistent year-on-year increase indicates a positive growth trajectory. Between 2024 and 2025, the import volume is projected to rise by approximately 3.89%, followed by 3.67% in 2026, 3.48% in 2027, and 3.3% in 2028. The compound annual growth rate over this five-year period is expected to be around 3.58%.
Future trends to watch for include:
- Potential shifts in global aluminium production and pricing impacting import volumes.
- Policy changes concerning infrastructure development in India, affecting demand.
- Technological advances or substitutes that may change import dynamics.
- Environmental regulations influencing material choices.