The import value of lumber from Meranti Red, Meranti Bakau, and White Lauan to India is projected to rise steadily from $14.921 million in 2024 to $18.5 million in 2028. This growth follows an upward trend with notable year-on-year increases, highlighting a consistent and steady expansion in the market. The compound annual growth rate (CAGR) over this forecast period is approximately 5.5%, indicating a robust demand increase for these types of wood in India.

Future trends to watch for include:

Potential regulatory changes affecting lumber importation and trade tariffs.
Sustainability practices influencing supplier selection and sourcing strategies.
Fluctuations in domestic production affecting import requirements.
Economic factors such as currency exchange rates impacting pricing and import costs.