The forecast for imports of pumice stones, crude or in irregular pieces to India indicates a steady upward trend from 2024 to 2028. In 2023, imports amounted to approximately $933.1 thousand. Year-on-year growth from 2023 shows a consistent increase: 2024 anticipates a 2.7% rise, while subsequent years reflect an average annual growth of approximately 2.5%. Compounded Annual Growth Rate (CAGR) from 2023 to 2028 is estimated around 2.5%.
Future trends to watch for include:
- Potential shifts in pumice stone import demand due to industry advances in construction and horticulture.
- Geopolitical influences on trade routes and import regulations.
- Technological innovations impacting the extraction and processing of pumice stones, potentially affecting costs and demand.