The import of sulphuric acid and oleum to India shows a steady increase from 2024 to 2028, with annual values starting at 1.6721 billion kilograms and reaching 1.9016 billion kilograms. When compared to 2023, this forecasted data indicates a consistent upward trend in imports. Year-on-year growth rates depict an increment of approximately 3.53% from 2024 to 2025, followed by a 3.35% increase from 2025 to 2026, which then sees a slight decline in growth rates down the timeline, showcasing stability yet smaller increments. The Compound Annual Growth Rate (CAGR) over these five years is anticipated to be around 3%, suggesting a steady and sustainable rise in demand.
Future trends to watch for include potential fluctuations in global sulphuric acid markets, domestic production capacities, and India's industrial growth, particularly in agriculture and manufacturing sectors. Moreover, environmental regulations and policies could also impact supply chain dynamics and import volumes, making it imperative to stay abreast of policy developments and international market conditions.
