In 2023, the import of ethylene to India stood at 98.17 million USD. Forecasted data for the next five years indicate a steadily increasing trend in import value: 102.17 million USD in 2024, 106.17 million USD in 2025, 110.09 million USD in 2026, 113.93 million USD in 2027, and 117.7 million USD in 2028. Year-on-year variations show an increase of approximately 3.99% from 2023 to 2024, 3.92% from 2024 to 2025, 3.70% from 2025 to 2026, 3.49% from 2026 to 2027, and 3.31% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 3.68%.
Future trends to watch for include potential changes in global ethylene supply and demand dynamics, impact of local production capacity enhancements, and economic factors affecting import pricing and volumes such as tariffs and trade policies. Additionally, advancements in sustainable and alternative materials may influence long-term ethylene import needs.
