Based on the forecast data for the import of wood in the rough or roughly squared to India, there is a noticeable decreasing trend from 2024 to 2028. The import value is projected to decrease from 1.0474 billion USD in 2024 to 0.98015 billion USD in 2028. Comparatively, the year-on-year growth rate indicates a gradual decline in import value, averaging a decrease of 1.65% annually over this period from 2024 to 2028.
In 2023, the actual import value stood 1.0631 billion USD, making it clear that a consistent downward trend is expected. Key future trends to monitor include:
- Government policies impacting timber imports and environmental regulations.
- Domestic production capabilities potentially reducing dependency on imports.
- Fluctuations in global timber prices affecting import volumes and values.
- Emerging sustainable alternatives that could influence demand.
