The import of non-electrical articles of graphite or other carbon to India is expected to show a steady growth trend from 2024 to 2028, with the forecasted import value increasing from $79.422 million in 2024 to $92.757 million in 2028. This represents a consistent annual growth trend in the range of approximately 4.3% to 3.6% year-on-year over this period. The 5-year Compound Annual Growth Rate (CAGR) is projected at around 3.9%. In 2023, the actual import value stood at this point, forming the baseline for the forecast.
- 2024: $79.422 million
- 2025: $82.857 million (increase: 4.3%)
- 2026: $86.224 million (increase: 4.1%)
- 2027: $89.524 million (increase: 3.8%)
- 2028: $92.757 million (increase: 3.6%)
Future trends to watch for include potential impacts of shifts in global supply chain dynamics, changes in government policies regarding import regulation, and advancements in domestic production capabilities. Monitoring technological innovations in carbon materials and market demand trends in industries like automotive and manufacturing will also be crucial for accurate forecasting.
