The import of lumber from species such as Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore to India is projected to grow steadily from 2024 through 2028, starting from 141.98 million kilograms in 2024 to an anticipated 168.08 million kilograms in 2028. This represents a steady year-on-year increase in import volume, with percentage increases observed annually. Considering the data, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects a consistent trend of growth in the import volume.
Future trends to watch for include changes in global supply chains that might impact the availability and price of these woods, India’s domestic demand fluctuations influenced by economic or regulatory changes, and developments in sustainable forestry practices that might affect sourcing. Keeping an eye on these factors will be crucial for stakeholders in this market.
