The import of Nickel Alloy Tubes and Pipes to India in 2023 stood at 32 million USD. Forecasts indicate a consistent upward trend in the import value: 2024 (33.672 million USD), 2025 (35.188 million USD), 2026 (36.674 million USD), 2027 (38.13 million USD), and 2028 (39.557 million USD). Year-on-year variations are projected as follows: from 2024 to 2025, an increase of 4.5%; from 2025 to 2026, an increase of 4.22%; from 2026 to 2027, an increase of 3.97%; and from 2027 to 2028, an increase of 3.74%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is estimated to be 4.1%.
Future trends to watch for include potential fluctuations in global nickel prices, shifts in the demand from key industries such as automotive and construction, and policy changes related to import tariffs and environmental regulations. Observing technological advancements in nickel alloy manufacturing can also provide insights into future market dynamics.
