The import of logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood to India is forecasted to witness a declining trend from 2024 to 2028. Starting at 188.12 million USD in 2024, the value progressively decreases to 72.009 million USD by 2028. When examining year-on-year variations, the sector shows a noticeable decline, indicating a contraction in demand or supply adjustments. In 2023, the imports of these logs stood at a considerably higher level, emphasizing the steady decrease forecasted for this period. The compound annual growth rate (CAGR) further underscores an average negative growth across these five years.
Future trends to watch for include potential shifts in global trade policies, changes in domestic production capacities, and environmental regulations that could impact the import dynamics of these wood types. Monitoring alternative material usage and technological innovations in the wood industry may also provide additional insights into future import demands.
