In 2023, the import of ethyl acetate to India was recorded at 2.022 million kilograms. Forecast data indicates a slight decline from 2024 onwards, with 2024 marking the beginning of a gradual decrease over the next five years, reaching 1.986 million kilograms in 2028.
Year-on-year variations show a consistent but modest decrease of slightly over 0.3% per annum, based on the specified period.
- The average compound annual growth rate (CAGR) for this forecast is approximately -0.3% over the next five years, reflecting a slow but steady decline in imports.
For future trends, it is essential to watch for fluctuations in domestic production, changes in global demand, shifts in international trade agreements, and regulatory changes impacting the chemical sector in India. Additionally, advancements in alternative production methods or substitute materials could also affect future import levels.
