The forecast for the import of limestone materials for the manufacture of lime or cement to India shows a growth trend from 2024 to 2028. In 2024, the imports are expected to start at 567.68 million USD and gradually increase each year, reaching 660.1 million USD by 2028. This represents a consistent year-on-year growth in import value, indicating a stable demand for limestone in India's lime and cement manufacturing sector. Comparatively, the past trend suggests each following year's importation value leads to increased reliance on imports. The compound annual growth rate (CAGR) over this five-year period suggests a steady industry expansion.
Future trends to watch include:
- Influence of infrastructure projects requiring cement, potentially increasing limestone import demand.
- Development of domestic limestone sources which may reduce import reliance.
- Technological advancements in cement manufacturing that could alter raw material requirements.