In 2023, India imported cumene amounting to 24.5 million kilograms. From 2024 to 2028, a consistent upward trend is forecasted in cumene imports, from 25.734 million kilograms in 2024 to 30.354 million kilograms in 2028. Year-on-year growth reveals a stable increment ranging from about 4% to 5% over these years. The compound annual growth rate (CAGR) for this period is approximately 4.27%, indicating a steady rise in demand or necessity for imports.
Future trends to watch for include:
- Potential fluctuations in global cumene prices and its effect on import volumes.
- Changes in domestic production capacity, potentially reducing the need for imports.
- Geopolitical factors possibly impacting international trade routes and relationships.