The import volume of India aluminum tube will continue to exceed the export volume in 2018
southwest aluminum pipe
7075 aviation grade aluminum
India is a big importer of aluminum tubes, which will continue to import more downstream semi-finished products in 2018. From the trend speculating method, it can be seen that the imported aluminum tubes will exceed the export volume of about 4987 tons.
The import of aluminum pipe in India has increased from 9483 tons in 2016 to 10121.41 tons in last year. Exports also rose from 1644.43 tons in 2016 to 2435 tons in 2017.
The three year trend analysis shows that the import of aluminum tube in India will fall to 7091.08 tons in 2018 and the export volume will fall to 2103.72 tons.
From India's macroeconomic factors, "driven by the manufacturing industry, the growth in the industrial production index (IIP) in November soared to 8.4%. It is estimated that the purchasing managers' index and the volume of commodity exports have also shown a significant increase in the manufacturing sector in November.
"In December, the rate of inflation, based on the consumer price index (CPI), rose to 5.2%, up from 4.9% in November."