In 2023, the import value of wood charcoal to India stood at $12.9 million. Starting from 2024, the forecast indicates a steady growth in imports, reaching $13.599 million. This upward trend is expected to continue over the subsequent years, with imports projected to rise to $16.468 million by 2028. The year-on-year growth rates show a consistent increase, averaging a compound annual growth rate (CAGR) of approximately 4.9% over the five-year period from 2024 to 2028.

Future trends to watch include:

Changes in domestic production and supply chain efficiencies which could impact import demand.
Shifts in energy policies and renewable energy adoption potentially altering charcoal consumption.
Global price fluctuations and trade policies affecting cost and availability.