The import of Polyvinyl Chloride (PVC) to India shows a consistent upward trend from 2024 to 2028. The value stands at 2.3994 Billion USD in 2024, growing steadily to 2.9323 Billion USD by 2028. Comparatively, in 2023, the import value was recorded at 2.265 Billion USD.
Year-on-year percentage variations:
- 2024: +5.9%
- 2025: +5.7%
- 2026: +5.3%
- 2027: +4.9%
- 2028: +4.6%
The compound annual growth rate (CAGR) over the five-year period (2024-2028) is approximately 5.3%. This consistent growth indicates rising demand for PVC in India.
Future trends to watch for include technological advancements in PVC production, shifts in regulatory frameworks impacting imports, and broader macroeconomic factors influencing construction and manufacturing sectors, which are primary consumers of PVC.
