The import of Melamine to India is projected to rise from 89.129 million kilograms in 2024 to 103.29 million kilograms by 2028. This indicates a steady upward trend in the import volume over the forecast period. From 2023, the year-on-year increase in imports shows moderate growth, with an annual rise peaking at values ranging between 3.3% to 3.6%. The compound annual growth rate (CAGR), calculated over the five-year period, suggests a consistent average increase per year.
Future trends to watch include:
- Emerging domestic production capacities potentially reducing import reliance.
- Global price fluctuations of raw materials affecting import volumes.
- Evolving industrial applications in India driving higher demand.
