In 2023, the import of Resorcinol to India stood at approximately 59.1 million US dollars. From 2024 to 2028, the forecasted values indicate a steady increase, starting from 61.726 million US dollars in 2024 to 72.552 million US dollars in 2028. The year-on-year percentage growth is approximately 4.5% on average during this period, demonstrating a healthy upward trend.
Future trends to watch for:
- The global demand for resorcinol in industries such as rubber and wood adhesives might impact import levels.
- Considerations regarding raw material price fluctuations and trade policies may alter projected growth rates.
- Technological advancements in local production capacities could lead to revisions in import reliance.
