From 2013 to 2022, industrial roundwood production in India remained stable at 49.517 million cubic meters. In 2023, production increased slightly to 49.908 million cubic meters, marking a year-on-year growth of 0.79%. The compound annual growth rate (CAGR) for the past five years (2018-2023) was approximately 0.16%.
Future forecasts from 2024 to 2028 suggest a gradual increase in production, reaching 51.798 million cubic meters by 2028. The five-year forecast CAGR is estimated at 0.59%, with an overall growth rate of 2.99% from 2023 to 2028.
Future trends to watch for include:
- Technological advancements that could streamline logging and processing.
- Government policies affecting forest management and sustainability practices.
- Fluctuations in global demand for roundwood and its derivatives.
- Environmental regulations and their impact on production capabilities.
