The import value of Ethylene Glycol (Ethanediol) to India stood at 800 Million US Dollars in 2023. Forecasted figures indicate a steady year-on-year increase in the value of imports: 815.42 million USD in 2024, 829.9 million USD in 2025, 844.1 million USD in 2026, 858.01 million USD in 2027, and 871.64 million USD in 2028. This represents percentage increases approximately around 1.88%, 1.78%, 1.70%, and 1.58% each consecutive year. The compound annual growth rate (CAGR) over the forecasted 5-year period is expected to be around 1.74%.
Future trends to watch for include fluctuations in global crude oil prices impacting raw material costs, advancements in production technologies potentially reducing costs, and changes in environmental regulations or policies that could influence import demand. Additionally, growing demand from end-use industries such as automotive and textiles may further drive up imports.
