The import volume of wooden kitchen furniture to India stood at 9.0849 million kilograms in 2023. Year-on-year analysis shows that from 2021 to 2023, there was a steady growth with values increasing by 9.91% and 3.9% respectively. Looking at the Compound Annual Growth Rate (CAGR) over the last five years, the average growth was 5.23% per year. The forecast for the next five years indicates a modest CAGR of 2.81%, translating to a cumulative growth rate of 14.87% by 2028.
Future trends to watch for include potential impacts of import tariffs, changing consumer preferences towards locally manufactured furniture, and fluctuations in global timber prices. Additionally, the growth of online retail and e-commerce could affect the demand dynamics for imported kitchen furniture.