The forecast indicates a consistent upward trend in the import value of non-cellular and non-reinforced sheet or film polymers of ethylene to India from 2024 to 2028. The projected figures show gradual year-on-year increases with an average compound annual growth rate (CAGR) over the five-year period expected to hover around 3.50%. As of 2023, the import value was approximately $148 million, highlighting a steady growth trajectory into the future.
Future trends to watch for include:
- Sustained demand due to India's industrial expansion and infrastructural projects.
- Technological advancements in polymer materials potentially influencing import volumes.
- Global economic factors impacting production costs and thus import prices.
- Regulatory changes in environmental policies affecting plastic imports.