The exports of polypropylene from India have shown significant fluctuations over the years. Standing at 0.69638 billion kilograms in 2023, the exports started at 1.0508 billion kilograms in 2013, showing an overall downward trend with some recovery in recent years. The year-on-year variations provide insight into significant decreases in certain years, such as 2014-2017, interspersed with robust recovery phases like in 2018 and 2021.
Over the last two years (2022-2023), the polypropylene exports increased by an average annual rate of 1.41%, indicating stabilization after previous declines. The Compound Annual Growth Rate (CAGR) shows a moderate upward trajectory over the last five years at -0.28%, drawn down by earlier years' instability. Future forecasts suggest a moderate but consistent annual growth at a forecasted 5-year CAGR of 1.12% leading to a volume of 0.7449 billion kilograms by 2028.
Future trends to watch for include:
- Shifts in global demand and supply chain dynamics which could impact export volumes.
- Domestic production changes with potential new technology or capacity increments.
- Trade policies and tariff adjustments influencing international trade relations.
- Environmental regulations and the global push toward sustainability which could impact polypropylene production and use.
