Based on the provided data, the import of aluminium structures and parts for construction to India is projected to steadily increase from 2024 to 2028. The volume in 2024 is forecasted to be 56.449 million kilograms, which marks significant growth from the actual volume observed in 2023.
Year-on-year percentage variations indicate a growth trend:- 2024 to 2025: increase of approximately 4.95%- 2025 to 2026: increase of approximately 4.62%- 2026 to 2027: increase of approximately 4.33%- 2027 to 2028: increase of approximately 4.07%
The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) is approximately 4.49%, showing a sustained upward trend in the import volume.
Future trends to watch for:- Economic developments in India impacting the construction industry.- Changes in global aluminium prices which might affect import costs.- Potential shifts in trade policies or regulations between India and key aluminium exporting countries.- Advancements in construction technologies and materials which could influence demand for aluminium structures.
