The forecast for the import of non-coniferous plywood to India shows a steady increase from 2024 to 2028, with values in million US dollars rising from 11.719 in 2024 to 13.489 in 2028. Observing year-on-year growth, we see increments of roughly 3.8% to 3.9% annually. In 2023, the actual import value stood significantly lower, creating a basis for forecasting robust demand in the coming years. The compound annual growth rate (CAGR) over these 5 years is indicative of consistent upward trends.
Future trends to watch for include:
- Potential economic factors that could impact raw material costs.
- International trade policies affecting import tariffs.
- Domestic demand shifts in the construction and manufacturing sectors.
