Forecast: Sawnwood Import to India

In 2023, India's sawnwood import stood at 1.850 million cubic meters. The forecast for 2024 anticipates growth to 1.9838 million cubic meters, marking a year-on-year increase of approximately 7.21%. The subsequent years show a steady rise in imports, with a predicted 2028 figure of 2.5535 million cubic meters. Annually, this reflects an average compound annual growth rate (CAGR) of around 6.6% from 2024 to 2028.

Future trends to watch include:

  • India's growing demand for construction and housing development, propelling the need for sawnwood.
  • Potential changes in global trade policies that might impact import costs or supply channels.
  • Innovations in alternative materials or increased domestic production reducing dependency on imports.

Top Countries about Sawnwood