The forecast for the import of unwrought aluminium to India indicates a steady increase in value from 2024 to 2028, starting at $929.76 million in 2024 with incremental growth each year, reaching $1020.8 million by 2028. This represents a Compounded Annual Growth Rate (CAGR) of approximately 2.36% over the forecast period. In 2023, the import value stood at $908 million.
Year-on-year variations are as follows:
- 2024-2025: 2.52% increase
- 2025-2026: 2.41% increase
- 2026-2027: 2.31% increase
- 2027-2028: 2.21% increase
Future trends to watch for include shifts in global aluminium prices, domestic production capacities, changes in industrial demand, and potential trade policies that could impact import dynamics. Monitoring these factors will be crucial for understanding future market movements.
