The import data for non-corrugated asbestos and cellulose fibre cement sheets or tiles into India indicates an upward trend from 2024 onwards. Forecasts predict imports to rise from 40.881 million kilograms in 2024 to 48.515 million kilograms in 2028. The year-on-year growth highlights a consistent positive trajectory, reflecting a growing demand or requirement within India, as realized from a gradual rise in these imports. Observing a compounded annual growth rate over the five-year period, there is a notable average growth rate per annum, underscoring a robust expansion in import activity.
Future trends to watch include:
- Potential shifts in domestic production capabilities that might impact imports.
- Regulatory changes affecting the usage of asbestos products.
- Developments in alternative materials that could influence demand and import levels.
- Economic factors and construction sector dynamics within India influencing import requirements.