Forecast: Import of Saturated Acyclic Hydrocarbons to India

In 2023, India’s import of saturated acyclic hydrocarbons was at an actual figure—assuming previous trends as a guide—although the specific value is not provided in this dataset. From 2024 to 2028, forecasts show a steady increase in import values: starting at $977.05 million in 2024, rising to $1,195.6 million by 2028. The year-on-year growth shows a consistent upward trend ranging each year in the 5-6% bracket, demonstrating a stable demand. The Compound Annual Growth Rate (CAGR) over this five-year period confirms this as a consistent growth trajectory.

Future trends to watch for include:

  • Potential price fluctuations in global markets affecting import costs.
  • Technological advancements impacting production or substitution possibilities.
  • Changes in domestic policies regarding energy consumption and imports.
  • Shifts in demand based on economic conditions or shifts towards alternative energy sources.

Top Countries about Chemicals