The forecast for imports of worked vegetable and mineral carving material to India shows a steady increase from 2.2312 million kilograms in 2024 to 2.3274 million kilograms in 2028. Assuming that the import volume in 2023 was around the 2024 forecast value, the data suggests a consistent growth trend. Year-on-year growth is modest but positive, reflecting a stable demand in the market.
Overall, the compound annual growth rate (CAGR) over the five-year forecast period is indicative of a healthy expansion rate for this market segment.
Future trends to watch for include the impact of policy changes on import regulations, evolving consumer preferences towards sustainable materials, and potential advancements in carving technology which could influence the demand for raw materials.
