The import forecast for petroleum resins, polyterpenes, and polysulphides to India shows a consistent upward trend from 2024 to 2028, starting at $158.35 million in 2024 and reaching $183.8 million in 2028. Unfortunately, the data for 2023 is not available, preventing a precise year-on-year variation calculation for the transition from 2023 to 2024. However, from 2024 onwards, the year-on-year growth rates steadily increase by about 4-5% each year. The compound annual growth rate (CAGR) over this period is approximately 3.8%.
Future trends to watch include technological advancements in production processes, shifts in regulatory policies impacting imports, and potential fluctuations in global oil prices, which can affect raw material costs and supply chain dynamics. Monitoring these trends will be crucial for anticipating changes in import volumes and values.
