The forecasted import value of aluminium and articles thereof to India for the years 2024 to 2028 shows a consistent growth from $6.7095 billion in 2024 to $7.7629 billion in 2028. This indicates a stable upward trend in the demand for aluminium imports. Year-on-year, the growth percentages are approximately 4.05% from 2024 to 2025, 3.81% from 2025 to 2026, 3.60% from 2026 to 2027, and 3.40% from 2027 to 2028. The compound annual growth rate (CAGR) for the five years leading up to 2028 stands at around 3.71%.
In 2023, the import value of aluminium and articles thereof to India was approximately $6.460 billion. Given the projected growth, the year 2024 is expected to see a significant increase, with continued growth in subsequent years.
Future trends to watch for include developments in domestic aluminium production capacities, changes in international trade policies, technological advancements in aluminium recycling and processing, and fluctuations in global aluminium prices. Additionally, shifts in demand due to economic cycles and industrial activity in India may also impact these trends.
