Forecast: Wood-Based Panels Import to India

The forecasted import of wood-based panels to India shows a consistent year-on-year increase. In 2023, the import volume was 577.45 thousand cubic meters. For 2024, it is projected to rise by 1.20% to 584.36 thousand cubic meters. Moving to 2025, there is a 1.22% increase to 591.48 thousand cubic meters. The upward trend continues through 2026 with a 1.19% increase to 598.52 thousand cubic meters, 2027 with a 1.16% rise to 605.49 thousand cubic meters, and culminating in 2028 with a 1.14% growth to 612.39 thousand cubic meters. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 1.18%.

Future trends to watch for in the wood-based panels market include:

- Potential impacts of environmental regulations and sustainability initiatives on import patterns.

- Technological advancements in panel manufacturing and their implications on demand.

- Market responses to shifts in construction and real estate sectors influencing wood-based panel needs.