In 2023, the import value of activated natural mineral products, Animal Black, to India stood at an estimated baseline before the forecasted increase starting in 2024. Forecasted figures indicate a steady upward trend from 2024 to 2028, with a year-on-year increase of approximately 2.44% from 2024 to 2025, continuing this trend annually until reaching about 30.021 million USD by 2028. This consistent upward trajectory reflects a compound annual growth rate (CAGR) of around 2.3% over the five-year period.
Future trends to watch for include:
- Potential impacts of global supply chain dynamics on import capabilities.
- Fluctuations in demand influenced by changes in key industries utilizing these products.
- Currency exchange rates affecting the trade balance and import costs.