The import volume of precious metal compounds, excluding gold, silver, and amalgam into India is expected to steadily grow from 32.19 thousand kilograms in 2024 to 37.8 thousand kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 4.07% over the five-year period. From 2023, when the volume stood at a similar level as forecasted in 2024, the market has shown a consistent upward trend, with a year-on-year increase of approximately 3-4% annually.

Future trends to watch for:

Economic factors influencing import demand such as manufacturing growth in sectors utilizing these compounds.
Technological advancements in extraction and processing methods that could alter supply dynamics.
Policy changes in import regulations or tariffs that might impact cost efficiency.