The import of palladium, unwrought or in powder form, to India has shown a steady increase over the last few years. In 2023, imports stood at X million USD (actual value not provided). From 2024 onwards, the forecasted import values indicate a year-on-year growth trend, with 2024 at 67.419 million USD and rising to 76.595 million USD by 2028. The yearly percentage increases for 2024-2028 average around 2-3%. The compound annual growth rate (CAGR) over the five-year forecast period is also expected to demonstrate consistent growth.
Future trends to watch for include shifts in global palladium prices, changes in demand from the automotive and electronics industries, and potential developments in recycling technologies. Additionally, economic policies and trade regulations in India could impact import volumes and costs.
