The import of pitch coke to India is expected to rise steadily from 23.368 million kilograms in 2024 to 28.135 million kilograms in 2028. This upward trend suggests a consistent demand for pitch coke, with an average annual growth rate (CAGR) over the five-year period. Specifically, the year-on-year growth is anticipated to vary slightly but maintain an upward trajectory. For context, preceding data from 2023 stood at a lower value, indicating a significant increase in imports.
Future trends to watch include:
- Changes in domestic production capacities, impacting reliance on imports.
- Government policies affecting import duties and tariffs.
- Developments in industries using pitch coke, such as aluminum smelting and steel manufacturing, influencing demand.