As of 2024, India's import value of polyethylene having a specific gravity of 0.94 or more is forecasted to start at $991.91 million. By 2028, this figure is expected to rise to $1116.2 million. Year-on-year, the import value is projected to increase steadily, with percentage increases of approximately 3.2% from 2024 to 2025, 3.1% from 2025 to 2026, 2.9% from 2026 to 2027, and 2.8% from 2027 to 2028.
Key future trends to watch for include:
- Potential influence of policy changes affecting import duties or trade agreements, which could alter cost implications for importers.
- Fluctuations in global oil prices influencing the price of raw materials and subsequently affecting polyethylene import values.
- Advancements in domestic production capacity that could reduce reliance on imports.
- Environmental regulations pushing for alternative materials which might impact demand for polyethylene.