The import value of polypropylene to India is projected to increase consistently from 2024 through 2028. In 2023, the import value stood at a particular level, and in 2024, it is forecasted to be 967.26 million US dollars. From 2024 to 2025, there is an expected year-on-year increase of 3.47%. This gradual upward trend continues with a 3.29% increase from 2025 to 2026, a 3.12% rise from 2026 to 2027, and finally, a 2.95% increase from 2027 to 2028. The compound annual growth rate (CAGR) for these five years stands at approximately 3.21%.
Future trends to watch for include shifts in global polypropylene production, changes in trade policies, and potential growth in domestic polypropylene production capacity, which could affect import volumes and values.
