In 2023, the import of pipes for oil and gas pipelines into India was recorded at 92.876 million kilograms. From 2024 to 2028, there is a steady forecasted annual growth in import volumes, with estimated values reaching 100.28 million kilograms by 2028. The year-on-year percentage increase is modest but consistent, marking a gradual rise in import volumes. Over the five-year period from 2024-2028, the CAGR is projected to reflect this consistent upward trend.

Future trends to watch for include:

Increased domestic infrastructure projects driving the demand for imported pipelines.
Potential shifts in global steel prices affecting import costs and volumes.
India's policy changes on energy security and pipeline infrastructure developments.