In 2023, India's import of Polyvinyl Chloride stood at 2.4 billion kilograms. The forecast from 2024 to 2028 indicates a steady growth in volume. From 2024 to 2025, the expected increase is 5.71%, and from 2025 to 2026, it's 5.30%. Further, 2026 to 2027 could see a rise of 4.93%, followed by a growth of 4.59% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 5.12%.
Key future trends to watch for include:
- Rising domestic demand for PVC in construction and automotive sectors.
- Fluctuating global PVC prices affecting import costs.
- Potential impact of global trade policies and environmental regulations on imports.