The import of lumber of oak (Quercus spp) to India is on a steady uptrend. For 2023, the actual import volume stood at 9.28 thousand cubic meters. Forecasted data indicates a year-on-year growth rate of around 5% from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 5% over the five-year period.
Future trends to watch for:
- Potential policy changes impacting import tariffs or trade regulations.
- Changes in domestic oak lumber demand impacting import needs.
- Global market dynamics affecting supply and pricing.
