The import of stones for milling, grinding, or pulping to India is forecasted to grow from 749.51 thousand kilograms in 2024 to 800.24 thousand kilograms by 2028. While specific 2023 data is unavailable, the consistent year-on-year increase indicates a steady demand, with projected annual growth rates of approximately 1.74% in 2025, 1.67% in 2026, 1.62% in 2027, and 1.55% in 2028. This suggests a cumulative compound annual growth rate (CAGR) of around 1.67% over the five-year period from 2024 to 2028.
Future trends to monitor include:
- Technological advancements in milling and grinding processes, which may affect demand for traditional stones.
- International trade policies impacting import duties or restrictions on such materials.
- Domestic production capabilities and innovations that could substitute import needs.
- Environmental regulations affecting the mining and use of these stones.