The forecast for coniferous industrial roundwood imports to India shows a steady growth from 2024 to 2028. In 2023, the import volume stood at approximately 2.69 million cubic meters. From 2024 to 2028, the import volumes are projected to increase annually by approximately 2.6% to 2.7%, indicating a consistent upward trend. The compound annual growth rate (CAGR) over the five-year forecast period is expected to be around 2.7%. This steady growth reflects increasing demand and possibly expanding industrial activities requiring roundwood in India.
Future trends to watch for include potential impacts of environmental policies, shifts in global wood supply chains, and advancements in wood processing technologies that may affect import volumes and dynamics in the Indian market.
