The import of medium density fibreboard and high density fibreboard to India is forecasted to steadily increase from 2024 to 2028, with volumes rising from 90.26 thousand cubic meters in 2024 to 98.55 thousand cubic meters in 2028. Compared to the figures from 2023, this indicates a gradual annual growth in the import volume.
Year-on-year increases show a consistent growth trajectory, with the values indicating a steady rise between 2-3% annually. The compound annual growth rate (CAGR) over the five-year period is expected to reflect this stable upward trend.
Future trends to watch include possible shifts due to changes in domestic production capacity, trade policy adjustments, and fluctuations in demand driven by the furniture and construction sectors. Monitoring these factors can provide further insights into potential variations in the import trajectory.
