The import of boards of vegetable fibre with mineral binder or cement to India is forecasted to rise steadily from $3.9735 million in 2024 to $4.2203 million by 2028, indicating a gradual increase over the five-year period. Compared to the estimated value for 2023, which was approximately $3.90 million, the projections for 2024 show a slight year-on-year growth of approximately 1.9%. The compound annual growth rate (CAGR) from 2024 to 2028 averages about 1.21%, reflecting a modest yet consistent upward trend.

Future trends to watch for include:

The impact of governmental policies on sustainable building materials, potentially spurring demand.
Technological advancements in manufacturing, which may alter competitive dynamics and cost structures.
Fluctuating global supply chain conditions that could affect import volumes and prices.