In 2023, the non-coniferous roundwood production in India stood at 334.57 million cubic meters. Forecast data indicates a gradual increase from 334.72 million cubic meters in 2024 to 335.33 million cubic meters by 2028.
Year-on-year variations are minimal, averaging around 0.05% from 2024 to 2028. This consistency suggests a stable production trajectory with negligible fluctuations.
Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is approximately 0.045%, indicating a very modest average annual increase.
Future trends to watch for:
- Enhanced forest management practices which could boost production efficiency.
- Potential policy changes impacting lumber industries.
- Technological advancements in wood harvesting and processing.
