Based on the forecast import data of Gypsum and Anhydride to India, the import volume is expected to grow steadily from 2024 to 2028, starting at 7.7086 Billion Kilograms in 2024 and reaching 9.0051 Billion Kilograms in 2028. This represents a steady year-on-year growth, with the year-on-year variation revealing an increasing trend. For instance, the imports are forecasted to grow by approximately 4.34% from 2024 to 2025, 4.07% from 2025 to 2026, 3.84% from 2026 to 2027, and 3.62% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) averages approximately 4.1% per year.
In 2023, the actual import volume of Gypsum and Anhydride stood noticeably lower compared to the forecasted value for 2024, marking a substantial incremental trend. This consistent growth trajectory suggests strong demand and usage of these materials in India.
Future trends to watch for include potential changes in global supply chains, shifts in local mining output, and variations in demand within the construction and agricultural sectors. Policy changes and sustainability initiatives could also impact the import volumes significantly in the coming years.
