The import of marble and travertine in blocks to India is forecasted to gradually increase from 2024 to 2028. In 2023, the actual import stood at a significant baseline level, providing a foundation for anticipated growth. The year-over-year percentage increase from 2024 to 2025 is approximately 3.9%, followed by 3.7% between 2025 and 2026, 3.5% from 2026 to 2027, and 3.3% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecasted period is approximately 3.6%.
Future trends to monitor include:
- Potential growth in construction and real estate sectors driving demand.
- Fluctuations in global trade policies impacting import volumes.
- Technological advancements in extraction and processing changing supply dynamics.
- Environmental regulations affecting import practices.