In 2023, India imported 22 million kilograms of artificial waxes and prepared waxes of polyethylene glycol. The forecasted volumes for 2024 to 2028 display a steady growth trajectory, with imports expected to rise from 23.234 million kilograms in 2024 to 28.405 million kilograms in 2028. The year-on-year percentage growth reveals a gradual increase, with imports expanding by 5.73% in 2025, 5.32% in 2026, 4.96% in 2027, and 4.63% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 5.17%.
Future trends to watch for include potential shifts in global trade policies, technological advancements in wax production efficiency, and changes in demand from key sectors like pharmaceuticals and cosmetics, which may influence import reliance and volume growth.
