In 2023, India's import of vermiculite, perlite, and chlorites stood at 63.146 million kilograms. The forecasted growth from 2024 to 2028 indicates a steady increase, reaching 73.31 million kilograms by 2028. Initial forecasts for 2024 show a 3.25% year-on-year increase from 2023. Subsequent years continue this rising trend, with a 3.21% increase in 2025 and 3.04% in 2026, slowing slightly in the following years but maintaining a consistent upward trajectory. The five-year CAGR is projected at approximately 3.04%, revealing a positive growth pattern.
Future trends to watch for include fluctuations in global supply chains and shifts in domestic demand for construction and industrial applications of these minerals. Geopolitical developments or environmental policies affecting mining operations might also impact import volumes.
