The import of rare-earth metals, scandium, and yttrium to India showed a forecasted steady increase from 2024 to 2028, starting from 4.2523 million US dollars in 2024 to 4.6927 million US dollars in 2028. When comparing year-on-year variations, there's an average increase of around 2.6% annually. For the years 2024-2025, the variation is approximately 2.67%, while for 2026-2027, it is around 2.43%. The compound annual growth rate (CAGR) over the forecasted period stands at about 2.5%.
Future trends to watch for include potential impacts of global supply chain disruptions, technological advancements in rare-earth metal utilization, and policy changes influencing import tariffs or trade agreements. Additionally, any shifts in domestic production capabilities could also significantly affect import volumes and values.
