In 2023, India's import of chromium oxides and hydroxides was recorded at approximately 1 million kilograms. By 2024, forecasts predict a steady increase with volumes reaching 1.0506 million kilograms, indicating continued demand. From 2024 to 2028, the year-on-year growth is anticipated to average at about 3.24%. By 2028, imports are expected to reach 1.1929 million kilograms, resulting in a compound annual growth rate (CAGR) of 3.24% over the five-year period.
Future trends to watch for include potential shifts in industrial demand or regulatory changes impacting chromium consumption. Also, fluctuations in chromium pricing or supply chain factors could influence import volumes.
