The forecasted import value of agglomerated iron ore and concentrate to India shows a steady increase from $121.8 million in 2024 to $133.26 million in 2028. If in 2023 imports stood at a lower baseline value, this trend indicates a consistent year-on-year growth over the period. Assuming the imports in 2023 were lesser, the data projects a Compound Annual Growth Rate (CAGR) that reflects the sustained demand for these materials in India, in line with infrastructure and industrial sector growth.

Future trends to watch for include:

Potential fluctuations in global iron ore prices affecting import costs.
India's domestic production capacity and any shifts in policy impacting iron ore import tariffs.
Changes in demand from the steel industry, which is a primary consumer of iron ore.