The value of undenatured ethyl alcohol imports to India in 2023 stood at 1.451 million US dollars. Over the past two years, imports have decreased by 3.29% from 2022 to 2023 and previously by 3.24% from 2021 to 2022. From a five-year perspective, the compound annual growth rate (CAGR) up to 2023 indicates a decline of 4.89%. Forecasts for the next five years suggest a continued downward trend, with a projected CAGR of -3.1% and an overall decrease of 14.56% by 2028.
Future trends to watch for include shifts in government regulations, potential advancements in domestic production, and changes in demand from the industrial sector, all of which could significantly impact the import levels of undenatured ethyl alcohol in India.