The import of manganese to India is projected to rise consistently from 2024 to 2028, showing a year-on-year growth pattern. In 2023, the import value stood below 151.74 million US dollars, and a strong growth trajectory is expected in the upcoming years with the value anticipated to reach 177.69 million US dollars by 2028. This represents a healthy compound annual growth rate (CAGR), indicating a robust demand for manganese driven by industrial and technological advancements.
Future trends to watch for:
- India's expanding steel and manufacturing sectors, which rely heavily on manganese, could further fuel import growth.
- Technological innovations and increasing employment of manganese in battery technologies may increase demand.
- Potential changes in global trade policies and bilateral agreements could impact import dynamics.