The import of gum, wood, or sulphate turpentine oils to India is projected to rise consistently from 2024 to 2028, starting at 212.9 million USD in 2024 and reaching 254.19 million USD by 2028. The year-on-year growth demonstrates an average increase of approximately 4.6%, indicating steady demand.

In 2023, the imports were marginally lower than the anticipated figures for 2024. Over the five-year forecast period, the compound annual growth rate (CAGR) stands at roughly 4.6%, illustrating durable growth.

Future trends to watch for include:

Potential fluctuations in global supply chains that may impact prices and availability.
Changes in domestic demand due to industrial applications or substitutes.
Environmental regulations affecting the production and import of chemical oils.