The import of Phthalic Anhydride to India, following an upward trend, stands at a forecasted value of $195.34 million USD in 2024. From 2023, there is no actual data provided, but assuming a stable growth rate, this value reflects an estimated continuing increase.
Year-on-year variations between 2024 and 2028 project a steady growth, with the highest annual increase occurring consistently at over 4% each year. Calculating the CAGR from 2024 to 2028 suggests an average yearly growth rate around 4.15%.
Future trends to watch for include:
- Potential policy changes impacting import regulations or tariffs.
- Fluctuations in domestic demand due to changes in the Indian manufacturing sector.
- Global market shifts affecting raw material pricing and availability.