In 2023, India's import of wood for shuttering used in concrete construction work stood at 7.8 million USD. The forecasted imports show a steady growth from 2024 to 2028. Year-on-year variations indicate consistent increases: 4.8% in 2025, 4.4% in 2026, 4.2% in 2027, and 3.9% in 2028. Over the five-year period from 2024 to 2028, a CAGR of approximately 4.3% is projected, indicating a strong upward trend in the import value.
Future trends to watch for include:
- Potential shifts in domestic production affecting import levels.
- Changes in construction demand driven by urbanization and infrastructure projects.
- Policy changes impacting trade dynamics or tariffs.
- Technological advancements in construction techniques reducing dependency on wooden shuttering.
