The import of earth colours containing 70% or more of iron as ferrous oxide to India is forecasted to decrease steadily from 2024 to 2028. The expected decline from 2024 value of $17.97 thousand USD to $12.54 thousand USD in 2028 indicates a consistent year-on-year reduction. The downward trend highlights a compounded annual growth rate (CAGR) suggesting an average annual decrease over these five years. In 2023, the imports slightly surpassed the forecasted 2024 value, suggesting an apex or plateau had been reached before the anticipated decline.
Future trends to watch include shifts in international trade policies, domestic production alternatives, or varying demand from sectors utilizing iron oxide earth colours. Economic factors and advancements in related industries may also influence future import requirements.
