The import of derivatives of acyclic alcohols to India exhibited significant fluctuation from 2013 to 2023, peaking at 3.8084 million USD in 2014. The past decade saw a decline from 3.8084 million USD in 2014 to 1.576 million USD in 2023, with the year-on-year variation recording ups and downs - the most notable decline being 51.57% in 2017. The CAGR over the last five years leading up to 2023 is -2.31%. Forecast data suggests a continuing downward trend with a forecasted average annual decrease of around 2.9%.
Future trends to watch for include:
- Market adjustments due to global economic shifts.
- Emerging eco-friendly alternatives and reduced demand for synthetic chemicals.
- Impact of policy changes and trade agreements on import volumes.
