The import of silicon carbide to India is projected to grow steadily from 2024 to 2028. In 2023, the import volume stood at approximately 58.5 million kilograms. The forecast for 2024 shows an increase to 60.708 million kilograms, marking a year-on-year growth of approximately 3.77%. Subsequent years predict continued growth: 3.89% in 2025, 3.66% in 2026, 3.46% in 2027, and 3.28% in 2028. The compound annual growth rate (CAGR) for the forecasted period is approximately 3.61%.
Future trends to watch for include technological advances in silicon carbide applications, global supply chain impacts, and policy changes affecting imports. Monitoring these factors will be crucial for anticipating import demand shifts in India.
