Forecast: Import of Prefabricated Buildings to India

Based on the import data of prefabricated buildings to India from 2013 to 2028, a significant variability is observed. The value in 2023 stood at 34.053 million US Dollars. For the last two years (2022 and 2023), the year-on-year variations are 2.20% and 2.11%, respectively. Over the past five years, a Compounded Annual Growth Rate (CAGR) of 0.4% is noted.

Import values saw substantial fluctuations, with notable increases in certain years, such as 2018 (56.89%) and decreases in others, like 2015 (-27.88%). Moving forward, from 2024 onwards, a moderate and steady increase in import value is forecasted, showing a 5-year CAGR of 1.62% and an overall growth rate of 8.35% by 2028.

Future trends to watch:

• Potential policy changes in India regarding construction and infrastructure investments.
• Technological advancements in prefabricated building materials that could affect import volumes and values.
• Evolving demand from sectors such as residential housing, commercial spaces, and disaster relief structures.