In 2023, India's import of refined unwrought lead stood at approximately 135 million kilograms. From 2024 to 2028, forecasts suggest a steady annual increase, rising from 137.91 to 148.88 million kilograms. The year-on-year growth rate remains consistent, averaging around 1.9% each year over this period. The compound annual growth rate (CAGR) between 2024 and 2028 is projected to be about 1.9%. Such data implies a moderate but consistent upward trend in import volumes.
Future trends to watch for include:
- Shifts in global lead demand and supply dynamics, impacting price and volume.
- Technological advancements in manufacturing and recycling, affecting lead consumption.
- Environmental regulations influencing the lead market.
- Economic factors including industrial growth rates in India that may alter lead import needs.