The forecast for the import of titanium ores and concentrates to India indicates a steady increase from 2024 to 2028. Starting at 153.45 million kilograms in 2024, the volume is expected to reach 177.95 million kilograms by 2028. This represents a consistent year-on-year growth rate between 3-4%. As of 2023, the import volume was lower than 153.45 million kilograms, implying positive growth. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 3.7%.
Future trends to watch for include global supply chain dynamics, changes in industrial demand, and policies impacting the importation of titanium ore. Additionally, advancements in alternatives to titanium in industries could affect future import volumes.
