In 2024, the forecasted import value of granite, porphyry, basalt, and sandstone to India is $24.828 million. This figure is projected to steadily increase to $27.146 million by 2028. Compared to the previous actual data for 2023, the value represents a year-on-year growth, showcasing a continuous upward trend over the forecast period. The compound annual growth rate (CAGR) over these five years indicates a moderate expansion in India's importation of these materials, driven by consistent demand in construction and infrastructure development.
Future trends to watch for include potential impacts of evolving trade policies and infrastructure projects in India, which could influence market dynamics. Additionally, global economic conditions and shifts toward sustainable building materials might affect the import volumes and values of such natural stones. Keeping an eye on technological advancements in quarrying and processing could also reshape cost efficiencies and logistics.
