In 2023, the actual import value of particle board to India was slightly below 37.88 million USD. From 2024 onwards, the forecast data suggests a steady upward trend, with minor year-on-year growth. The import value increases from 37.88 million USD in 2024 to 38.603 million USD by 2028. Over the five-year forecasted period, the compounded annual growth rate (CAGR) is modest, indicating stable demand without significant fluctuations.
Future trends to watch for include:
- Potential shifts in global supply chains affecting import costs.
- Changes in India's construction and manufacturing sectors that drive demand for particle board.
- Environmental regulations impacting the import of wooden materials.