In 2023, the import of articles of cement, concrete, or artificial stone to India was estimated at approximately 4.668 million US Dollars. Over the forecast period from 2024 to 2028, a steady decline is anticipated, with values decreasing from 4.5335 million USD in 2024 to 4.0212 million USD by 2028. This represents an expected average annual decline (CAGR) of approximately 2.95% over the five-year period. Year-on-year variations show consistent decreases from 2024 onwards, reflecting a reduction in import demand or potential increases in domestic production capabilities.
Future trends to watch for include domestic infrastructure development and governmental policies that may affect both the demand for imports and local production of cementitious materials. Moreover, any changes within the construction industry or in international trade agreements could significantly impact these forecasts.
