In 2023, the value of imports for not carded or combed staple fibres of polypropylene to India was lesser than the projected $7.3755 million for 2024. The forecasts suggest a steady increase in import value, rising annually to $8.8871 million by 2028. The year-on-year increment from 2024 to 2028 shows consistent growth between approximately 5% to 6% annually. The compound annual growth rate (CAGR) over this period highlights an average annual growth rate that is slightly over 5%.
Future trends to watch include the impact of domestic polypropylene production on imports, shifts in global polypropylene pricing, and potential trade policy changes impacting import volumes and costs. The ongoing development in polypropylene applications may also drive demand and import dynamics.
