The forecast for India's import of plywood with 1 or 2 outer ply tropical hardwood shows a steady growth from 2024 to 2028. Starting from 76.36 thousand cubic meters in 2024, imports are expected to reach 80.86 thousand cubic meters by 2028. Compared to 2023, this marks an incremental growth reflecting market stability and a consistent increase in demand. Year-on-year growth remains above 1%, with a compound annual growth rate (CAGR) over the five-year period around 1.45%, indicating a regular upward trend.
Future trends to watch include shifts in construction and real estate development in India, influencing demand for tropical hardwood plywood. Additionally, global supply chain dynamics and regulatory changes related to environmental sustainability could impact future import volumes.
