The import of lead waste or scrap to India has shown a generally upward trend from 2013 to 2023, with some fluctuations. In 2023, the import volume stood at 132.54 million kilograms. Over the last two years, there has been a consistent but modest increase, with year-on-year variations of 4.44% in 2022 and 4.17% in 2023. Analyzing the last five years, the Compound Annual Growth Rate (CAGR) averaged around 3.14%, indicating steady growth. Looking ahead, forecasts suggest steady growth with a five-year CAGR of 2.98% from 2024 to 2028, leading to a projected import volume of 160.23 million kilograms in 2028, reflecting a 15.81% increase over the forecast period.
Future trends to watch for include:
- Fluctuations in global lead prices, which could affect import volumes.
- Policy changes in India related to waste management and recycling regulations.
- Technological advancements in lead recycling processes that could alter demand.
- Economic conditions that impact industrial production and thus lead scrap requirements.
These elements could significantly influence both short-term and long-term trends in the importation of lead waste or scrap to India.
