In 2024, India is projected to import 10.364 million kilograms of sulphonated hydrocarbons. This represents an upward trend compared to the previous years, with 2023 witnessing an import volume of 10.082 million kilograms. The year-on-year variation from 2023 to 2024 indicates a growth of 2.8%. The import volume is forecasted to continue increasing steadily, reaching 11.439 million kilograms by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.5%, signifying a slow yet consistent rise in demand.
Future trends to watch for:
- Increasing demand for sulphonated hydrocarbons in sectors such as detergents and pharmaceuticals could drive import growth.
- Changes in governmental trade policies and economic conditions might influence import volumes.
- Advancements in local production capabilities, potentially reducing dependency on imports.