In 2023, the import of paper-reinforced plaster board to India was valued at 41.1 million USD. Projected imports show a steady year-on-year increase: 2024 at 43.026 million, 2025 at 45.143 million, 2026 at 47.218 million, 2027 at 49.251 million, and 2028 at 51.244 million USD. From 2023 to 2024, this represents a percentage increase of 4.7%. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual growth of 4.4%.
Future trends to watch for:
- Potential changes in India's construction and infrastructure sectors that might affect demand.
- Trade policy shifts impacting import conditions.
- Technological advancements in eco-friendly or cost-effective plasterboard alternatives.