The import volume of articles containing magnesite, dolomite, or chromite to India is projected to increase from 112.56 million kilograms in 2024 to 139.54 million kilograms in 2028. This reflects a compound annual growth rate (CAGR) of approximately 5.49% over the period. Based on the available data, the volume in 2023 stood at slightly below 112.56 million kilograms, indicating a rising trend in import volumes starting from that year. The year-on-year growth rate from 2024 to 2025 is about 6.18%, and from 2025 to 2026 is approximately 5.69%, signaling a steady increase.
Future trends to watch include shifts in domestic production capabilities, global supply chain impacts, and changes in demand from key industries such as steel and refractories. Additionally, geopolitical factors and environmental regulations could influence trade dynamics, affecting future import levels. Stakeholders should stay alert to policy shifts and advancements in alternative materials that may impact import reliance on these minerals.
