In 2023, India's import of pure aluminium rectangular plate, sheet, strip stood at a significant base point which led to forecasted growth. From 2024 onward, a steady year-on-year increase is observed: 2025 by 5%, 2026 by 4.6%, 2027 by 4.3%, and 2028 by 4.1%, reflecting a consistent upward trend in demand. The Compound Annual Growth Rate (CAGR) over this forecast period (2024-2028) is calculated at approximately 4.6%, illustrating a healthy expansion in imports.
Future trends to watch for include changes in global aluminium prices, potential shifts in India's domestic manufacturing capabilities, and government policies affecting import tariffs. Monitoring these factors will be crucial as they could accelerate or inhibit import growth.
