In 2023, the import value of naphthalene to India stood at approximately 15.88 million US Dollars. The forecast for 2024 shows a decrease to 15.019 million, with a continued downward trend projected for subsequent years. By 2028, imports are expected to reach 11.538 million, reflecting a consistent annual decline. The year-on-year change is -6.33% from 2023 to 2024, followed by -5.98%, -5.96%, -5.96%, and -6.82% for the following years respectively. Over the five-year period, the compound annual growth rate (CAGR) suggests an average annual decrease of about 6.62%.
Future trends to watch for include:
- The impact of domestic production on import volumes.
- Changes in regulatory policies affecting import tariffs or duties.
- Potential shifts in global market dynamics affecting naphthalene prices.
- Technological innovations that may reduce dependency on naphthalene imports.
