The import of hand sharpening or polishing stones to India is forecasted to see a steady annual increase from 2024 through 2028. The volume is projected to grow to 1.6155 million kilograms by 2028, starting at 1.4182 million kilograms in 2024. This indicates a consistent year-on-year percentage increase averaging a compound annual growth rate (CAGR). In 2023, the import volume stood at a lower base, highlighting an upward trend in imports moving forward.
Future trends to watch for include:
- Potential shift in domestic production impacting imports.
- Changes in global supply chains affecting availability and cost.
- Possible regulatory changes influencing trade policies.
