In 2023, the import of imides except saccharin to India stood at an undisclosed but crucial baseline value. The forecasted data for the subsequent years shows a steady growth, with imports reaching $30.136 million by 2028, starting from $25.516 million in 2024. Year-on-year, this reflects incremental growth ranging between 4.66% to 4.18%. Over five years, the Compound Annual Growth Rate (CAGR) implies an average annual increase of around 4.26%.
Future trends to watch for:
- Impact of global economic conditions on import costs and demand.
- Potential policy changes affecting trade tariffs.
- Development of local alternatives impacting demand for imported imides.
