In 2023, the import of articles of plaster, other than plasterboard, to India stood at an estimated value of USD 5.5 million. From 2024 to 2025, the imports are projected to increase by approximately 2.76% and maintain a similar growth trajectory with an average annual growth rate (CAGR) of 2.55% for the years 2024 through 2028. The consistent increase reflects a steady demand for plaster articles in the Indian market.
Future trends to watch for include:
- The impact of domestic production capacity expansion on import volume.
- Influence of governmental policies promoting local manufacturing on imports.
- Trends in construction and infrastructure development contributing to demand.
- Global economic conditions and their effect on import prices and volumes.
