The import of magnesium raspings and turnings to India is projected to rise steadily from 10.974 million kilograms in 2024 to 12.747 million kilograms in 2028. If we observe the data from previous years, the volume of imports in 2023 stood at approximately 10.5 million kilograms, setting a foundation for this continued increase.

The year-on-year growth shows an escalation: 4.17% increase in 2025, 3.91% in 2026, 3.70% in 2027, and 3.49% in 2028. The Compound Annual Growth Rate over these five years stands at an encouraging 3.80%.

Future trends to watch for:

Global magnesium supply and price volatility, which could affect import costs and volumes.
Technological advancements in manufacturing that might impact the demand for magnesium raspings and turnings.
Environmental regulations and policies that could alter import strategies and demand patterns in India.