In 2023, India imported manganese ores and concentrates at a volume of 8.635 billion kilograms. The forecasted data from 2024 to 2028 shows a steady increase in imports, starting at 8.989 billion kilograms in 2024 and reaching 10.447 billion by 2028. The year-on-year growth from 2024 to 2028 indicates a consistent upward trend, suggesting robust demand or declining domestic production. Calculating the compound annual growth rate (CAGR) from 2024 to 2028 denotes moderate and sustainable growth over these years.
Future trends to watch:
- Increased steel production in India may drive further demand for manganese imports.
- Potential policy changes impacting mining and import regulations.
- Global supply chain dynamics and geopolitical factors influencing prices and availability.
