The import of ceramic roofing tiles into India has demonstrated significant growth from 2013 through 2023, with values increasing from 3.226 million USD to 22.342 million USD. The notable variations include the substantial increases in 2014 (122.98%) and 2015 (67.08%), followed by a more tempered growth trend and occasional declines, such as the -8.81% in 2017 and -11.66% in 2020. Year-on-year changes in the last two years have shown stable growth with 5.48% in 2022 and 5.09% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 5.62%. Forecast data indicates a continuing gradual increase projected at 3.54% CAGR over the next five years, suggesting a 18.99% cumulative growth by 2028.
Future trends to watch:
- Potential impacts of new trade policies and tariffs affecting import costs.
- Changes in domestic production capability potentially influencing import demand.
- Evolving consumer preferences towards eco-friendly building materials, potentially impacting market dynamics.