The import of not calcined petroleum coke to India is forecasted to display a gradual upward trajectory from 2024 onwards. In 2023, the import value stood at approximately USD 1.22 billion. The year-on-year growth rates from 2024 to 2028 are predicted to consistently rise, marking a compound annual growth rate (CAGR) over this period. Specifically, the projected values in billion USD represent a steady increase, indicating a positive trend in importation levels for the Indian market.
Future trends to watch for include:
- Potential shifts in global supply chains that may affect availability and pricing.
- The impact of India's domestic production capabilities on imports.
- Economic policies or trade regulations affecting the petroleum industry.
- Environmental regulations influencing the use of petroleum coke in industrial processes.