The import of plasters (calcined gypsum or calcium sulphate) to India stood at 182.0 million kilograms in 2023. Based on the forecasted data, the volume shows a year-on-year increase of 5.4% from 2023 to 2024, 4.8% from 2024 to 2025, 4.5% from 2025 to 2026, 4.2% from 2026 to 2027, and 4.0% from 2027 to 2028. The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 4.58%. This indicates a steady increase in imports of these materials.
Trends to watch for in the future include the impact of local manufacturing capabilities, shifts in construction demands, and potential policy changes affecting import tariffs and regulations. Technological advancements in plaster production and the availability of alternative materials may also influence future import volumes.
Key Points:
- 2023: 182.0 million kg (actual)
- 2024: Year-on-year increase of 5.4%
- 2025: Year-on-year increase of 4.8%
- 2026: Year-on-year increase of 4.5%
- 2027: Year-on-year increase of 4.2%
- 2028: Year-on-year increase of 4.0%
- 5-year CAGR (2024-2028): 4.58%
