Forecast: Import of Cement to India

The import of cement to India from 2024 to 2028 is forecasted to show a steady increase. In 2024, the value is projected at $184.5 million, rising to $213.04 million by 2028. This reflects a consistent upward trend with year-on-year growth rates: 2025 (4.00%), 2026 (3.76%), 2027 (3.55%), and 2028 (3.36%). The compound annual growth rate (CAGR) over the five years is approximately 3.66%.

For 2023, the value was recorded at $177.5 million, indicating a notable increase in imports forecasted for the following years.

Future trends to watch for include:

• Increased urbanization and infrastructure projects driving demand for cement.
• Potential changes in trade policies, tariffs, and bilateral agreements affecting import volumes.
• Advancements in alternative materials and green building technologies that may impact cement demand.
• Global economic factors such as commodity prices, supply chain disruptions, and inflation impacting import costs.