The import of bars, rods, and profiles of aluminum alloys to India is expected to increase steadily from 2024 to 2028, starting at 77.719 million USD in 2024 and rising to 87.302 million USD by 2028. Compared to 2023, this shows a consistent upward trend, which indicates a positive market environment for aluminum alloys. The year-on-year growth rates for 2025 and 2026 are approximately 3.18% and 3.02%, respectively. The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 3.08%.
Future trends to watch for include:
- Increased demand from the automotive and construction industries, which could further drive imports.
- Potential trade policy changes or tariffs that may impact import levels.
- Developments in aluminum recycling and production technology within India that could influence the dependence on imports.
