In 2023, the import value of wooden kitchen furniture to India stood at $34.0 million. Over the forecast period from 2024 to 2028, a steady upward trend is anticipated with the import value increasing from $35.333 million in 2024 to $40.473 million in 2028. The year-on-year growth rate averages around 2.5-3% over this period. The compound annual growth rate (CAGR) for these five years is calculated to be approximately 3%.
Future trends to monitor include:
- Changes in domestic production capacities which may influence import demand.
- Shifts in consumer preferences towards sustainable and eco-friendly products.
- Impacts of policy changes in trade agreements or import tariffs.
- Expansion of the housing and construction sector, driving demand for home furnishings.