The import value of aluminium structures and parts for construction in India has demonstrated significant volatility over the past decade. From 2013 to 2016, there was a consistent decline before a remarkable surge in 2017 and 2018. The period from 2021 to 2023 shows slight but steady year-on-year growth, culminating in a projected average yearly increase (CAGR) of 3.25% from 2024 to 2028.
Future Trends to Watch
Going forward, it is essential to monitor global aluminium prices, India's construction market growth, and policy changes that could impact import duties. Continued economic recovery and infrastructure development are likely to sustain the upward trajectory in aluminium imports.
