In 2023, the import of softwood plywood to India was approximately 17.7 thousand cubic meters. Forecasted data for 2024-2028 shows a consistent decline, with values moving from 17.36 in 2024 to 15.97 in 2028. This represents a year-on-year decrease ranging from 0.36% to 2.1% and an overall five-year CAGR of -2.0%.
- Key factors potentially affecting future imports include domestic policy changes regarding importation, evolving demand in construction, and competitive product availability locally.
- Emerging markets, tech advancements in alternative materials, and economic shifts will be critical factors to monitor for future trends.
