The import of organic derivatives of hydrazine or hydroxylamine to India is projected to increase steadily from 2024 to 2028. The estimated values start at 54.912 million USD in 2024 and rise to 63.777 million USD by 2028. Based on the data provided, we observe year-on-year growth rates of approximately 4.2% between 2024 and 2025, 3.9% between 2025 and 2026, 3.7% between 2026 and 2027, and 3.5% between 2027 and 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 3.8%.
Given that the import value in 2023 stood at 52.78 million USD, we see a consistent upward trend in the importation of these chemicals into India. Over the last two years, the import value increased by approximately 4.0% annually.
Future trends to watch for include:
- Changes in global supply chain dynamics which might affect availability and prices.
- India's industrial demand, particularly in sectors utilizing these chemical derivatives.
- Regulatory alterations concerning the import of chemical substances affecting trade volumes.
- Innovations and advancements in alternative chemicals and production methods.
