In 2023, the import value of marble and travertine in blocks to India was approximately 258.50 million USD, serving as a baseline for future growth forecasts. The forecasts for the upcoming years indicate a steady increase, with predicted values in millions as follows: 2024 - 265.02, 2025 - 272.01, 2026 - 278.87, 2027 - 285.58, and 2028 - 292.16. The year-on-year percentage growth ranges from about 2.6% to 2.7%, reflecting a consistent upward trend without major fluctuations. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 2.5%, showcasing moderate yet stable growth.
Future trends to watch for include potential changes in global trade policies, India's construction and real estate development pace, and fluctuations in raw material costs. These factors could influence India's demand for marble and travertine imports, either enhancing or dampening the current growth trajectory. Monitoring these trends will be vital for stakeholders in India's stone import sector.
