The import of fibreboard with a density exceeding 0.8 g/cm3 to India is projected to grow consistently from 2024 to 2028, reaching 479.33 million kilograms by 2028. Comparing year-over-year, imports are expected to increase by approximately 5.6% annually. The compound annual growth rate (CAGR) over the five years is around 5.3%, indicating a stable upward trend.
For future trends to watch:
- Economic growth and its impacts on construction and woodworking sectors could influence demand.
- Trade policies and tariff adjustments affecting import costs should be monitored.
- Technological advancements in manufacturing might affect local production capabilities and import needs.