The forecast data for India's import of terephthalic acid indicates a steady growth from 2024 to 2028, starting at 671.31 million kilograms in 2024 and rising to 714.59 million kilograms by 2028. As of 2023, the actual import volume stood slightly lower, signaling an upward trend. The year-on-year percentage increases show mild growth, with variations highlighting a consistent annual rise across these years.
The compound annual growth rate (CAGR) over this five-year period suggests a moderate, stable expansion aligned with increasing domestic demand and application in the textile industry, which necessitates polyester fiber production.
Future trends to watch for include:
- Shifts in domestic production capabilities affecting import dependency.
- Potential trade policy changes impacting import costs and supply chain dynamics.
- Environmental regulations influencing synthetic fiber production and, consequently, terephthalic acid demand.
