The import of non-coniferous wood in chips or particles to India is forecasted to increase steadily from 2024 to 2028. In 2023, the import volume stood at approximately 143.1 million kilograms. The subsequent annual increments are minor, with an average year-on-year growth of about 0.08% between 2024 and 2028. Over the forecasted period, the compound annual growth rate (CAGR) is nearly flat, indicating a steady trend without significant fluctuation.
Future trends to watch for include:
- Market dynamics influenced by India's economic policies and trade regulations.
- Potential impacts from global supply chain disruptions or innovations in sustainable forestry practices.
- Shifts in demand for non-coniferous wood in key sectors such as paper manufacturing and packaging, potentially affecting import volumes.