In 2023, the import of worked granite to India stood at a significantly higher value compared to future forecasts. From 2024 to 2028, a noticeable downward trend is expected in imports, with values decreasing from 260.17 to 54.8 thousand kilograms, indicating a continuous year-on-year decline. This represents a compounded annual growth rate (CAGR) drop over the forecasted five years.
Future trends to watch for:
- Shifts in domestic production capabilities could further reduce imports.
- Trade policies or tariffs could influence import volumes.
- Changes in consumer preferences towards alternative materials could impact demand.