Forecasted data for the import of pigments based on zinc sulphide and lithopone to India from 2024 to 2028 indicates a gradual decline in volume, decreasing from 2.0276 million kilograms to 1.9905 million kilograms. The year-on-year analysis reveals a consistent decline of approximately 0.5% annually. As of 2023, the actual import volume stood slightly higher, indicating a peak prior to this downward trend. The compounded annual growth rate (CAGR) across this period points to a shrinking demand or a shift in market preferences.
Future trends to watch include potential advancements in alternative pigments, changes in domestic production capabilities, and fluctuations in trade policies which could impact these forecasts significantly.
