The import of tarred, bituminised, or asphalted paper and paperboard to India is projected to increase steadily from 2024 to 2028. In 2023, the import volume was lower than the forecasted 1.505 million kilograms for 2024. The yearly percentage variations indicate a consistent growth pattern with incremental annual increases of approximately 2.5% to 3%. This trend reflects a compound annual growth rate (CAGR) of around 3% over the five-year forecast period.
Future trends to monitor include:
- Potential changes in construction and infrastructure projects in India, which may influence demand.
- Global supply chain dynamics and price fluctuations impacting import pricing.
- Environmental policies and regulations affecting the production and use of these materials.