In 2023, India imported copper-zinc alloy pipes or tubes valued at 11.340 Million US Dollars. Forecast data suggests a steady increase, with imports projected to reach 14.242 Million USD by 2028. This reflects a year-on-year growth rate of 5.1% from 2024 to 2025 and 4.7% from 2025 to 2026, indicating consistent growth. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be approximately 4.5%, portraying an upward trend in imports.
Future Trends to Watch:
- Technological advancements in manufacturing impacting copper-zinc alloy popularity.
- Economic policies or trade agreements potentially affecting import volumes and values.
- Shifts in global supply chains and price volatility of raw materials.
