The forecast for the import of glazed ceramic mosaic tiles, more than 7 cm wide, to India indicates a decline from 9.3 million kilograms in 2024 to 7.35 million kilograms in 2028. Compared to the actual figures for 2023, imports are expected to continue decreasing annually. From 2024 to 2028, there's a noticeable year-on-year decline, contributing to a negative compound annual growth rate (CAGR) over this period. The consecutive annual decrease highlights a gradual reduction in import volume over these five years.
Future trends to watch include:
- Shifts in consumer preferences towards locally manufactured tiles as sustainability becomes a focus.
- Economic conditions in India influencing purchasing power and construction demand.
- Potential trade policies or tariffs impacting import dynamics in the ceramic industry.
