The import of denatured ethyl alcohol and other spirits to India is projected to see consistent growth from 2024 to 2028, starting at 664.61 million kilograms in 2024 and reaching 800.08 million kilograms by 2028. From 2023, where the import volume was lower, each subsequent year shows a steady increase. The year-on-year variation reflects a positive trend: 5.26% for 2025, 4.89% for 2026, 4.56% for 2027, and 4.28% for 2028. The five-year compound annual growth rate (CAGR) is estimated around 4.75%.
Future trends to watch for include:
- Global ethanol market fluctuations and their impact on import costs.
- Changes in India's domestic production capabilities.
- Economic policies affecting trade tariffs and regulations on alcohol products.
- Evolving consumer preferences and demand for sustainable sourcing.
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