In 2023, the import value of flat rolled iron or non-alloy steel coated with aluminum to India stood at approximately $304 million USD. In 2024, this value is forecasted to increase, reflecting a steady growth trend - a progression predicted to continue, reaching approximately $382.67 million USD by 2028. This consistent rise indicates an average compound annual growth rate (CAGR) over the five-year forecast period.
Trends to watch:
- Increased adoption of aluminum-coated steel in automotive and construction sectors might drive demand.
- Potential policy shifts or international trade agreements could impact import dynamics.
- Global price fluctuations in raw materials might affect import values.