The import of asbestos-cement and cellulose fibre-cement to India has shown noticeable growth over the past decade, with significant fluctuations year-on-year. In 2023, the import value stood at approximately $11.655 million. The past two years indicated a modest growth with a year-on-year increase of 4.37% in 2022 and 4.1% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 4.31%, showcasing steady albeit slower growth compared to the earlier years.

Forecasted data suggests a continuous upward trend in imports, reaching an estimated $14.053 million by 2028. The forecasted 5-year CAGR is 2.94%, indicating sustained but moderate growth.

Future Trends to Watch:

Policy changes regarding asbestos use and import regulations.
Shifts in global supply chains impacting raw material availability.
Advancement in alternative materials that could affect import demand.
Impact of sustainability initiatives and environmental regulations on market dynamics.