The forecast indicates a steady increase in the import of Acrylonitrile-Butadiene-Styrene (ABS) copolymers to India, from 144.33 million kilograms in 2024 to 167.38 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.78% over the five-year period. Compared to the previous year, the anticipated year-on-year increase from 2024 to 2025 is around 4.11%, continuing this upward trend consistently through 2028. As of 2023, the actual import volume was lower than the forecasted figures for 2024 onwards, suggesting a positive growth outlook.
Future trends to watch for include:
- The impact of domestic ABS production capabilities on import levels.
- Changes in industrial demand driven by automotive, electronics, and construction sectors.
- Potential regulatory changes affecting import tariffs or environmental regulations.
- Global supply chain disruptions or trade agreements that could influence import patterns.