In 2023, the import of articles of plaster, other than plasterboard to India stood at a certain benchmark. The forecast from 2024 to 2028 shows a steady increase in import volume, growing from 28.614 million kilograms in 2024 to 33.835 million kilograms in 2028. The year-on-year growth rates indicate a consistent upward trend, reflecting a healthy demand for these products in India. The five-year compounded annual growth rate (CAGR) from 2024 to 2028 highlights a robust market expansion.
Future trends to watch for include:
- The impact of government infrastructure projects on import demand.
- Potential changes in construction materials technology and preferences.
- Trade policies and tariffs affecting import volume.
- Economic growth fluctuations influencing the construction sector.
