The import of Polyvinyl Chloride (PVC) waste or scrap to India has demonstrated varied trends over the years. Starting from $27.495 million in 2013, it peaked at $57.844 million in 2014, with a year-on-year variation of 110.38%. However, a significant drop occurred in 2015 (-63.57%) and a fluctuating pattern followed until 2023. By 2023, imports stood at $21.129 million, showcasing slight growth as compared to previous years.
In the most recent years, the import values reflected moderate changes: a 1.77% increase in 2023, following a 7.2% increase in 2022 and a 16.65% increase in 2021. Furthermore, the Compound Annual Growth Rate (CAGR) over the last five years was calculated at 4.25%.
Forecasted data suggests a steady but gradual rise, with a 5-year CAGR of 1.39%, indicating a 7.14% growth by 2028. Future trends to watch for include regulatory changes impacting waste management, shifts in global PVC demand, and advancements in recycling technologies which may influence the import dynamics in India.
