The import value of vinyl polymers to India has shown a generally upward trend from 2013 to 2023, standing at $357.95 million in 2023. The year-on-year variation has fluctuated, with a notable dip in 2020 but a strong recovery thereafter. The last two years saw a year-on-year growth of 9.05% in 2022 and 3.4% in 2023. The five-year CAGR averaged at 3.63% by 2023. Future forecasts predict a steady increase in values, with an estimated CAGR of 2.51% leading to a growth rate of 13.2% by 2028.

Future trends to watch for include:

Increasing demand in sectors such as construction, automotive, and packaging.
Potential supply chain disruptions or price fluctuations influenced by global market dynamics.
Technological advancements or regulatory changes impacting production and importation standards.