The import value of Aluminium Fluoride to India in 2023 stood at $84.429 million. Over the past two years, the year-on-year growth was 5.09% in 2022 and 4.75% in 2023. This signifies a strengthening demand despite a relatively modest annual growth rate. Looking at the longer-term trends, the compound annual growth rate (CAGR) over the last five years (up to 2023) has been 2.81%. Forecast data suggests a future CAGR of 3.33% from 2024 to 2028, with an anticipated growth rate of 17.81% over these five years, indicating a steady albeit moderate increase in import value.
Future Trends to Watch For:
- Changes in domestic production capacity and policies on Aluminium Fluoride.
- Market dynamics in the global Aluminium industry affecting demand in India.
- Potential shifts towards alternative materials impacting the import needs of Aluminium Fluoride.
- Trade policies and tariffs affecting import costs and supply chains.
