Based on the data, the import of Portland Cement (other than white cement) to India shows a consistent forecasted growth from 2024 to 2028, with values increasing from $111.86 million to $127.77 million USD. Comparing the annual data since 2023, the year-on-year variation suggests a steady growth trend of approximately 3-4% annually over the next five years. This reflects a Compound Annual Growth Rate (CAGR) of about 3.41% for the period.
Future trends to watch for:
- Potential regulatory changes in India's construction industry impacting import demand.
- Fluctuations in global cement prices due to supply chain challenges or economic shifts.
- Emergence of local competitors affecting the import volume of foreign cement.