From 2024 to 2028, the forecasted import of Quartz to India shows a declining trend, with quantities dropping from 306.31 to 294.85 thousand kilograms each year, signifying a consistent year-on-year decrease. In 2023, the imports stood equivalent to an estimated starting figure of 306.31 thousand kilograms. This gradual decline results in a compound annual growth rate (CAGR) of approximately -0.8%, indicating a slight but steady reduction in imports.
Future trends to watch for include:
- Potential shifts in domestic production capabilities, which might affect the demand for imports.
- Global supply chain changes influencing quartz availability and prices.
- Technological advancements in alternative materials possibly reducing reliance on quartz imports.