In 2023, India's import of non-refractory mortars and concretes stood at 10.4 million USD. The forecast for 2024 is 10.718 million USD, marking a 3.05% increase from the previous year. This growth trend continues, with an average annual increase (CAGR) of approximately 3.53% over the subsequent five years, reaching 12.318 million USD by 2028. The data illustrates a consistent upward trajectory in import value, suggesting steady increases in demand or pricing for these materials in India.

Future trends to watch for:

Potential shifts in India's construction industry policies which could impact import volumes.
Emerging technologies and innovations in mortar and concrete which may alter market dynamics.
Global economic factors influencing trade and material costs, particularly for construction industries.