The import of Meranti Red, Meranti Bakau, and White Lauan wood to India is forecasted to grow steadily from 10.11 million kilograms in 2024 to 12.503 million kilograms in 2028. This shows a consistent year-on-year growth rate of about 6% over the five years, indicating a robust demand for these types of lumber. In 2023, the volume stood marginally lower, setting the stage for the upward trend observed in the forecasted years. The Compound Annual Growth Rate (CAGR) for the forecast period further consolidates this growth trend.

Future trends to watch for include:

Potential impacts of regulatory changes on timber import policies in India.
Fluctuations in global lumber supply chains due to environmental or geopolitical factors.
Shifts in domestic demand driven by infrastructure and construction sector needs.