In 2023, India's import of exfoliated vermiculite, foamed slag, and expanded mineral stood at approximately 13.4 million USD. The forecast for 2024 marks an increase to 14.069 million USD, continuing a positive trend with a steady year-on-year growth averaging around 5%. By 2028, imports are projected to reach 16.898 million USD, reflecting a compound annual growth rate (CAGR) of about 4.9% over five years.
Future trends to watch for include:
- An increase in demand driven by the construction and agricultural sectors.
- Potential shifts based on changes in global trade policies or economic conditions.
- The impact of local production capabilities and environmental regulations on import volumes.