The forecasted imports of Polyethylene Terephthalate (PET) to India show a steady increase from 2024 to 2028. With initial imports in 2023 at 343 million kilograms, the data reveals a consistent year-on-year growth in volume at an average annual growth rate (CAGR) of approximately 4.5% up to 2028. Specifically, from 2024 onwards, there's a projected growth rate, ranging from about 5% to 4% as the forecast progresses towards 2028.
Future trends to watch for include potential impacts on PET imports due to fluctuations in global PET market prices, shifts in India's economic policies regarding plastics, and advancements in recycling technologies that may affect domestic PET production and demand for imports.
