The import value of monumental or building stone, porphyry, and basalt to India has been forecasted to increase annually from 2024 to 2028, indicating a steady growth trajectory. In 2023, the value of imports was positioned just below the 2024 forecast figure of 401.93 thousand USD, marking a continuation of growth observed in previous years. Year-on-year increases are modest, ranging around 1.5%-1.7% yearly. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is around 1.5%, reflecting stable but limited growth.
Future trends to watch for include changes in India's construction sector demand, potential shifts in trade policy affecting importation, and fluctuations in global supply that could influence pricing and availability of these materials. Additionally, sustainable construction practices may impact the types of materials being used, affecting future import dynamics.
