The import of coniferous wood continuously shaped along any edges to India in 2023 stood at a volume of approximately 19.5 million kilograms. Forecasts from 2024 to 2028 indicate a steady increase, with annual growth rates of about 3.87% in 2024, 3.86% in 2025, 3.64% in 2026, 3.44% in 2027, and 3.27% in 2028. Over the forecast period, the compound annual growth rate (CAGR) is estimated to be approximately 3.62%.
Future trends to watch for include:
- The impact of environmental policies on wood imports.
- Potential changes in global demand affecting prices and availability.
- Technological advancements in alternative materials.
