The import of composite paper and paperboard to India has shown varied trends over the past decade. From 2013 to 2023, the import values fluctuated with significant increases and decreases. Notable rises include 2017 (28.32% YoY) and 2021 (23.23% YoY), and drops were seen in 2014 (-20.9% YoY) and 2020 (-15.02% YoY). The import value in 2023 stood at 5.0515 million USD.
Over the last two years, imports saw moderate positive growth. Specifically, the year-on-year growth for 2022 was 2.19%, and for 2023, it was 2.1%. The CAGR over the past five years was 2.52%, indicating a steady albeit modest growth trend.
Looking ahead, the forecasted imports from 2024 to 2028 suggest a gradual increase. The projected five-year CAGR is 1.61%, and overall growth for this period is expected to be 8.3%.
Future Trends to Watch For:
- Monitoring global market dynamics and raw material costs, which may influence import volume and value.
- Potential impacts of domestic policy changes aimed at enhancing local production capabilities.
- Technological advancements and sustainable practices within the paper and paperboard industry.
- Fluctuations in demand from key consumer sectors such as packaging, education, and publishing industries.
