The import of liquefied propane to India is projected to increase steadily from 7.3087 billion kilograms in 2024 to 8.6447 billion kilograms in 2028. The year-on-year growth rate shows a consistent rise: 4.7% in 2025, 4.4% in 2026, 4.1% in 2027, and 3.9% in 2028. Notably, in 2023, the actual import value stood at 7.0 billion kilograms. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) averages approximately 3.7% per year.
Future trends to watch for include changing domestic energy policies, advancements in renewable energy, and potential shifts in international trade agreements. These factors may influence import growth rates and overall volumes in the long term.
