In 2023, the import of lumber such as Baboen, Mahogany, Imbuia, and Balsa to India stood at approximately 1.48 million kilograms. From 2024 to 2028, a consistent year-on-year growth is observed, with an increase in import volume from 1.557 to 1.8728 million kilograms. The annual growth rate over this period is approximately 5.2%, indicating a steady upward trend in demand.

Future Trends to Watch For:

Rising domestic demand for specialized wood products, fueled by luxury housing and furniture industries.
Global supply chain variations affecting import availability and pricing.
Environmental policies impacting the sourcing and sustainability of exotic lumber.