The import value of sheet or tile, asbestos, and cellulose fibre cement not corrugated to India is projected to increase steadily from 2024 to 2028, starting at $11.314 million in 2024 and reaching $13.349 million by 2028. This marks a cumulative growth of approximately 17.97% over the five-year period. The compound annual growth rate (CAGR) is around 4.22%. The absence of 2023 data makes it challenging to compute precise year-on-year variations. However, the trend reflects a consistent annual increase, suggesting a growing demand in the Indian market for these materials.

Future trends to watch include:

Potential policy changes regarding environmental impacts and health concerns associated with asbestos products, which could influence import demand.
Market shifts towards alternative materials that offer similar benefits but with improved safety and sustainability profiles.
Economic factors such as changes in construction activity and infrastructure development within India that may drive overall demand variations.