In 2023, the import of plate, sheet, and strip of copper-zinc alloy in coils to India stood at 9.5 million kilograms. Forecasted data for 2024 suggests an increase to 9.8605 million kilograms, marking a year-on-year growth of around 3.8%. The increments continue steadily, culminating in a projection of 11.472 million kilograms by 2028. Observing the compounded annual growth rate (CAGR) over the period 2024-2028, the average annual growth is estimated at approximately 3.8%, reflecting a consistent upward trend.
Future trends to watch for include:
- Potential changes in global copper-zinc alloy prices affecting import dynamics.
- Shifts in demand due to technological advancements or policy changes in India's manufacturing sector.
- Geopolitical or economic factors that might influence trade regulations and tariffs.