In 2023, India imported an estimated 9.21 million kilograms of benzene. Forecasts indicate a yearly decline in imports from 8.1046 million kilograms in 2024 to 4.0911 million kilograms in 2028. The year-on-year percentage decline is 12.9% for 2025, 14.3% for 2026, 16.4% for 2027, and 19.2% for 2028. The compound annual growth rate (CAGR) over this five-year period is an average decrease of approximately 14.7% annually.

Future trends to watch for include:

Shifts in domestic benzene production capabilities might reduce dependence on imports further.
Changes in import regulations and tariffs could impact import volumes.
Potential fluctuations in global benzene prices affecting import costs.
Innovations in alternative chemicals that could reduce benzene demand.