Forecast: Non-Coniferous Sawnwood Production in India

The production of Non-Coniferous Sawnwood in India saw a significant increase in 2016, with a staggering year-on-year growth of 427.02% compared to the consistent production levels from 2013 to 2015. This surge was followed by a slight decline in 2017 and 2018 but saw gradual stabilization from 2019 onwards, maintaining around 23.79 Million Cubic Meters from 2020 to 2022. In 2023, production stood at 23.963 Million Cubic Meters, reflecting a modest year-on-year increase of 0.75%. The forecasted data for 2024 suggests slight growth, with a predicted CAGR of 0.47% over the next five years, indicating a relatively stable market.

Future trends to watch include:

  • Potential market stability and minor growth in the Non-Coniferous Sawnwood sector.
  • Impact of domestic policies and international trade on production levels.
  • Technological advancements in sawnwood processing and sustainable forestry practices.
  • Demand fluctuations due to changes in construction and furniture manufacturing sectors.

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