India’s import of niobium, tantalum, and vanadium ores and concentrates increased steadily from 2023 to 2028. Starting from a base of 2.45 million kilograms in 2023, estimated imports reached 2.584 million kilograms in 2024, marking an increase of approximately 5.5% year-on-year. This growth trend continued, with a 5.7% increase in 2025 (2.7313 million kilograms) and a 5.3% rise in 2026 (2.8758 million kilograms). In subsequent years, imports rose by another 4.9% in 2027 (3.0173 million kilograms) and 4.6% in 2028 (3.156 million kilograms). The compound annual growth rate (CAGR) over this period stands at about 5.2%.
Future trends to watch for include potential impacts of global supply chain fluctuations, India's increasing demand for high-tech industries that utilize these metals, and any changes in trade policies or tariffs that could influence import volumes.
