In 2023, India imported a certain base amount of merely cut granite. The forecasted volume from 2024 to 2028 indicates a steady annual increase. Specifically, the import volume is expected to grow from 20.507 million kilograms in 2024 to 23.884 million kilograms in 2028. The year-on-year percentage increase is approximately 4.24%. Over a five-year period, the compound annual growth rate (CAGR) is roughly 3.87%.
Future trends to watch for:
- International demand and supply fluctuations affecting granite imports.
- India's infrastructure and construction sector growth impacting granite needs.
- Regulatory changes in international trade policies affecting granite import costs and volumes.