The forecast for coniferous sawnwood imports to India shows a consistent growth trend from 2024 to 2028. In 2023, the actual import volume stood at 740.2 thousand cubic meters. The year-on-year growth percentage for 2024 is approximately 4.1%, with subsequent years seeing an approximate average growth of 3.9%. Over a five-year period, the compound annual growth rate (CAGR) is expected to be about 3.9%. This consistent upward trend indicates a steady increase in demand for coniferous sawnwood in the Indian market.
Future trends to watch for include:
- Potential changes in domestic forest policies affecting import demand.
- Fluctuations in global timber prices impacting import costs.
- Technological advancements in construction that may alter sawnwood usage.
