The import of calcium carbide to India is projected to gradually decrease from 48.264 million kilograms in 2024 to 46.58 million kilograms by 2028, indicating a steady decline. As of 2023, the import volume was higher than in 2024, positioning 2023 as the last year of higher demand before the forecasted reduction. Although the average year-on-year decrease over the forecasted period seems small, it reflects a consistent downward trend. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 shows a slight decrease, underlining this trend.
Future trends to watch for include:
- Potential shifts in domestic production capabilities that could replace imports.
- Changes in industries reliant on calcium carbide, such as steel and chemical manufacturing, which could alter demand patterns.
- Global economic factors and trade policies influencing import prices and volumes.
