The import value of tableware and kitchenware of wood to India for the year 2024 is forecasted to be $4.9034 million, reflecting a projected growth trend compared to previous years. In 2023, the actual import value stood at $4.6852 million. The year-on-year variations projected are:
- 2024-2025: 4.70%
- 2025-2026: 4.39%
- 2026-2027: 4.13%
- 2027-2028: 3.88%
Over the past five years, the compound annual growth rate (CAGR) is estimated at approximately 4.44%. This steady growth indicates a rising demand for wood-based tableware and kitchenware in the Indian market.
Future trends to watch for include the increasing consumer preference for eco-friendly and sustainable products, which could further drive the import of wooden kitchenware. Additionally, changes in import regulations and trade tariffs may also impact this trend.
