The import of particle board of wood to India is forecasted to grow steadily from 2024 to 2028, starting at 176.2 million kilograms in 2024 and reaching 201.27 million kilograms in 2028. This forecasted growth indicates a Compound Annual Growth Rate (CAGR) over five years. As of 2023, the import stood at an amount that must reflect past actual trends, signifying a continuous demand. The forecast shows a positive year-on-year increase averaging about 2.7% annually across the forecast period.
Future trends to watch for include:
- Increased domestic demand driven by construction and furniture industries.
- Potential impact of trade policies on import volumes and associated costs.
- Technological advancements in local production that could affect import needs.
