In 2023, India imported approximately 2.475 million kilograms of M-Xylene. The forecast from 2024 to 2028 indicates a steady decline in imports: a decrease from 2.4256 million kilograms in 2024 to 2.2103 million kilograms in 2028. This represents a year-on-year decrease of about 2.2% on average.
The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately -2.3%, indicating a gradual reduction in imports. This trend may be driven by an increase in local production capacity or a shift towards alternative materials.
Future trends to watch include technological advancements in local production, shifts in demand due to policy changes, and any external economic factors affecting supply chains and global trade dynamics.
