The import of vessels and other floating structures for breaking up to India is projected to increase steadily from 2024 to 2028, starting at 1.22 thousand units in 2024 and reaching 1.47 thousand units in 2028. Compared to 2023, this reflects a minimal growth as actual data for 2023 is not provided. The year-on-year growth rates are expected to remain stable, indicating a positive CAGR over this five-year period.
Future Trends to Watch For:
- Economic shifts affecting global shipping and trade volumes.
- Regulatory changes in the ship-breaking industry.
- Technological advancements in recycling and sustainability practices.
