In 2023, India's import of sulphonated, nitrated, or nitrosated derivatives of hydrocarbons stood at 22.5 million kilograms. Forecasted data from 2024 to 2028 indicates a consistent year-on-year growth in imports. From 2024 to 2025, the imports are expected to increase by 3.51%, and from 2025 to 2026, an additional rise of 3.33% is anticipated. The upward trend continues with 3.16% from 2026 to 2027 and 3.00% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is forecasted at approximately 3.17%.
Future trends to watch for include potential influences of domestic production capacities, international trade policies, and advancements in alternative chemical processes that may impact import levels. Furthermore, monitoring economic growth and industrial demand in sectors utilizing these derivatives could provide insights into the dynamic demand and supply scenario in the coming years.
