The import volume of millstones and grindstones of natural stone to India is set to increase steadily from 11.638 million kilograms in 2024 to 13.677 million kilograms in 2028. This forecast reflects a continuous year-on-year growth trend, with an approximate annual increment of about 4.0% to 4.5% in the past years. In 2023, the volume was slightly lower, marking a consistent increase in imports moving forward.
Future trends to watch for:
- Technological advancements in grinding technology might moderate the demand growth.
- Changes in India's industrial sector could influence the consumption of natural stone millstones.
- Potential policy shifts related to trade and sustainable resource usage might impact import levels.