The import of Aluminium Plates, Sheets, and Strip to India has shown significant fluctuations over the past decade, with notable peaks and troughs. The value in 2023 stood at $781.74 million, demonstrating a consistent annual growth from 2021 to 2023.
Recent year-on-year variations indicate a steady upward trajectory with 4.73% and 4.43% increases in 2022 and 2023 respectively. The Compound Annual Growth Rate (CAGR) over the past five years was 2.64% until 2023. From 2024 onwards, forecasted data suggests a continuous rise, projecting a 5-year CAGR of 3.14% up to 2028, with an expected growth rate of 16.72% overall by 2028.
Future trends to watch for include the impact of global supply chain dynamics on import volumes, the effects of domestic production capabilities, and potential changes in trade policies. These factors will be crucial in determining the stability and growth of aluminium imports to India.
