The import of Polyvinyl Chloride (PVC) waste or scrap to India is forecasted to rise steadily from 2024 to 2028, starting at 60.529 million kilograms and reaching 69.355 million kilograms. This represents a continuous increase in volumes imported over these years.
Key Observations:
- The year-on-year percentage increase from 2024 to 2025 is 3.76%.
- From 2025 to 2026, the import volume is expected to rise by 3.55%.
- An increase of 3.35% is forecasted from 2026 to 2027.
- From 2027 to 2028, the projection shows a rise of 3.19%.
- The average annual growth rate (CAGR) over the forecast period is approximately 3.46%.
In 2023, the specific volume was not provided in the data. Given this forecast, India’s demand for PVC waste or scrap likely continues to outpace domestic recycling or production capabilities, demonstrating a trend towards increasing reliance on imports.
Future trends to watch:
- Shifts in global PVC waste management regulations might affect supply chains and volumes.
- Advancements in domestic recycling technology could alter the import demand.
- Fluctuations in the global PVC market prices might impact future import strategies.
