The projected import values for gum, wood, or sulphate turpentine to India from 2024 to 2028 show a consistent upward trend, rising from 216.67 million USD in 2024 to 257.92 million USD by 2028. This suggests a steady increase in demand or possibly pricing over the years, indicating positive market growth. In 2023, the import stood at a lower baseline, yet specific values are not indicated in 2023 for a clear comparison.
A notable year-on-year increase is observed, with a percentage gain averaging around 4-5% annually from 2024 onward. The compounded annual growth rate (CAGR) over these five years would further solidify the growth trend by capturing the compound effect of successive increases per year.
Future trends to watch include potential impacts of fluctuations in global supply chains, changes in domestic regulation policies, and environmental or economic shifts influencing both the import demand and the pricing of these commodities in India.
