In 2023, the import of worked granite into India stood at approximately 638.33 thousand US dollars. Forecast data indicates a consistent decline in imports from 2024 onwards, with values reducing from 610.65 thousand USD in 2024 to 507.38 thousand USD by 2028. This trend suggests a gradual decrease, with an average yearly decline of around -4.47% over the five-year period, i.e., a Compound Annual Growth Rate (CAGR).
Future trends to watch for:
- Shifts in domestic production and availability of granite.
- Changes in global granite prices and trade policies.
- Technological advancements affecting granite processing and demand.
- Environmental regulations impacting the granite industry.
