The import of non-coniferous wood continuously shaped along any edges to India is projected to show an upward trend from 2024 to 2028. In 2023, imports stood at approximately 36 million kilograms. Year-on-year, the import volume is expected to increase by around 5% in both 2024 and 2025, and it continues at a consistent growth rate through to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 4.9%, indicating stable demand growth for these wood imports.
Future trends to watch for include:
- Potential policy changes in India affecting wood import tariffs or sustainability regulations.
- Supply chain dynamics, particularly how global forestry practices and environmental policies influence availability.
- Economic factors, such as GDP growth, which impacts construction and furniture industries driving wood demand.