Based on the data provided, the year-on-year variations in the import of 1,2-Dichloroethane to India are as follows:
- 2024-2025: ((813.36 - 786.85) / 786.85) * 100 ≈ 3.37%
- 2025-2026: ((839.35 - 813.36) / 813.36) * 100 ≈ 3.19%
- 2026-2027: ((864.82 - 839.35) / 839.35) * 100 ≈ 3.04%
- 2027-2028: ((889.78 - 864.82) / 864.82) * 100 ≈ 2.88%
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is calculated to be approximately:
CAGR = [ (889.78 / 786.85)^(1/4) - 1 ] * 100 ≈ 3.12%
The import of 1,2-Dichloroethane to India is predicted to grow steadily at a CAGR of approximately 3.12% over the next five years. Factors influencing this trend may include developments in domestic production capacity, demand in downstream industries, global supply chain dynamics, and regulatory changes. Monitoring these variables will be crucial for future strategic decisions in the chemical sector.
