Analysis based on forecasted data for the years 2024 to 2028 indicates a steady year-on-year increase in imports of plasters. The projected import values are as follows:
- 2024: 136.72 Million Kilograms
- 2025: 144.27 Million Kilograms (5.52% increase)
- 2026: 151.67 Million Kilograms (5.12% increase)
- 2027: 158.91 Million Kilograms (4.77% increase)
- 2028: 166.02 Million Kilograms (4.48% increase)
The Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 is approximately 4.97%.
Given the consistent growth in imports, key drivers to monitor include China's construction and infrastructure projects and demand for gypsum products in various industrial applications. Changes in import regulations, domestic production capacity, and global supply chain dynamics could also influence these forecasts.
