In 2023, India's hardboard import volume stood at 38.22 thousand cubic meters. Forecasted data from 2024 to 2028 shows a consistent upward trend, with annual import volumes projected to rise steadily. The year-on-year percentage increases are notable, reflecting incremental growth: 5.4% from 2024 to 2025, 5.3% from 2025 to 2026, 5% from 2026 to 2027, and 4.7% from 2027 to 2028. The average compound annual growth rate over this period is anticipated to be around 5%.
Future trends to watch for include the impact of domestic manufacturing policies, shifts in construction and interior design material preferences, and the effects of global trade agreements on import tariffs. Monitoring these factors will be essential for predicting long-term changes in import volumes.
