In 2023, India's import of fibreboard of a density exceeding 0.5 g/cm3 but not exceeding 0.8 g/cm3, mechanically worked or surface covered, was evaluated at actual market figures prevalent prior to this date. Moving into 2024, an upward trend is forecasted, with the import value projected to reach 83.812 million USD, and continuing to rise to 94.369 million USD by 2028. The year-on-year growth reflects positive momentum: 3.24% from 2024 to 2025, 3.07% from 2025 to 2026, 2.93% from 2026 to 2027, and 2.79% from 2027 to 2028, with a five-year Compound Annual Growth Rate (CAGR) of around 3.0%.
Future trends to watch for include:
- Potential trade agreements that could impact import tariffs and duties
- Domestic demand shifts driven by construction and furniture sectors
- Technological advancements in fibreboard manufacturing
