In 2023, the import of Vinyl Polymers and Halogenated Olefins to India stood at 18.663 million kilograms. From 2013 to 2023, the volume showed fluctuations with an overall increasing trend. Significant variations include an increase in 2016 by 19.56% and a drop in 2018 by 15.29%. The most recent year-on-year variations indicate moderate growth of 2.83% from 2022 to 2023, and an impressive year-on-year increase of 8.39% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the last five years averages at 4.8%, showing steady growth overall.
Looking forward, the forecast data from 2024 through 2028 indicates continued growth, albeit at a slower pace with a forecasted 5-year CAGR of 2.13%. By 2028, the import volume is expected to reach 21.291 million kilograms, marking an 11.1% increase over five years.
Future trends to watch for include potential impacts from global supply chain disruptions, raw material cost fluctuations, and domestic production changes. Innovations in polymer technology and regulatory changes may also influence future import volumes.
