The forecast for India's cobalt imports indicates a steady upward trend from 2024 to 2028. In 2023, the import value is not specified here, but the year-on-year growth rate from 2024 onwards shows a moderate increase.

The percentage increase is consistent, with the import value growing each year. From 2024 to 2025, there is a rise, continuing similarly up to 2028. Over the five-year period, the compound annual growth rate (CAGR) is positive, reflecting the ongoing demand for cobalt in India's economy, driven potentially by applications in battery production and electronics.

Future trends to watch for:

Global supply chain dynamics, especially with cobalt being a critical mineral.
Technological advancements in battery technology that might require different materials.
Policy changes in India related to import tariffs and incentives for domestic production.