The import of presses for the manufacture of particle or fibre board to India in 2023 stood slightly below the forecasted 2024 value of 2.1893 million kilograms. From 2024 to 2028, the growth in import volume reflects a steady trend, with annual increases ranging from approximately 3.9% to 4.1%. The compound annual growth rate (CAGR) over this period is expected to hover around 3.6%, showcasing a consistent upward trajectory in import volumes.

Future trends to watch for:

Growth in domestic construction activities which may drive demand.
Technological advancements in press machinery potentially impacting import preferences and volumes.
Shifts in raw material availability influencing the fibreboard manufacturing sector.