The import of plywood with 1 or 2 outer ply tropical hardwood to India showed consistent growth from 2024 to 2028. The year 2023 serves as a baseline prior to the forecast period, and the imports were observed at a different level. Year-on-year growth from 2024 to 2028 indicates a steady increase, with percentages reflecting moderate market expansion.
Expect the market to continue its upward trajectory over the next five years, stabilizing with a compound annual growth rate. The developments in this segment are influenced by factors like construction demand, sustainable sourcing, and import regulations. Continuous attention to trends such as eco-friendly materials and changes in global trade tariffs will be crucial.
