India's import of aluminium waste or scrap stood at 1.561 billion kilograms in 2023. Forecasted figures indicate a steady year-on-year growth from 2024 to 2028, with imports rising from 1.6244 billion kilograms in 2024 to 1.8824 billion kilograms in 2028. The year-on-year growth rates are as follows:
- 2024: 4%
- 2025: 4.1%
- 2026: 3.9%
- 2027: 3.6%
- 2028: 3.4%
The Compound Annual Growth Rate (CAGR) over the 2024-2028 period is approximately 3.8%.
Future trends to watch for include the global economic conditions affecting commodity prices, regulatory changes impacting import tariffs or sustainability standards, and technological advancements in aluminium recycling. Monitoring these factors can help predict and manage potential shifts in import volumes.
