The forecast for the import of logs of beech to India from 2024 to 2028 shows a consistent decline. In 2024, the value is projected at $3.6228 million, decreasing gradually each subsequent year to $3.3777 million by 2028. This reflects a steady year-on-year decrease, averaging around 1.7% annually.
From 2023 to 2028, the compound annual growth rate (CAGR) indicates a continued downward trend in import values. As we stand in 2024, the ongoing depreciation echoes India's shifting forestry trade dynamics and a potential pivot towards sustainable sourcing or alternate woods.
Future trends to watch include India's domestic policy changes on logging and import tariffs, evolving industry demands for alternative materials, and international trade relations affecting the availability and pricing of beech logs.
