In 2023, India's import of unwrought zinc stood at a much lower level compared to the forecasted values from 2024 onwards. The projected data from 2024 to 2028 shows a steady upward trend in the import value of unwrought zinc. The year-on-year growth is consistent, with the value increasing gradually over the five-year forecast period. The Compound Annual Growth Rate (CAGR) indicates a robust average yearly growth, suggesting strong demand and consistent import expansion in the country.
Future trends to watch for:
- Fluctuations in global zinc prices could affect import values and volumes.
- Domestic policy changes impacting industrial usage or import duties may influence zinc import trends.
- Monitoring new technological advancements in zinc usage and recycling in industries could also play a significant role in future demand.