The imports of rosin and resin acids to India are forecasted to gradually increase from $62.356 million in 2024 to $63.603 million in 2028. The year-on-year growth rates are steady and indicate a slight upward trend in the import values. In 2023, the actual import value was below these forecasted figures, illustrating an anticipated consistent growth trend.
Key trends to watch include:
- Monitoring fluctuations in import demand due to changes in domestic production capacities or shifts in industry demand.
- Watching the impact of potential trade policies or economic shifts in major exporting countries that could affect prices or supply chains.
- Observing technological advancements within industries such as adhesives, inks, and coatings that might influence import requirements for rosin and resin acids.