The forecast for wood residues import to India from 2024 to 2028 shows a consistent annual growth, with volumes increasing steadily from 5.26 thousand cubic meters in 2024 to 5.86 thousand cubic meters in 2028. Comparing the annual growth rates, the year-on-year variation from 2024 to 2025 is approximately 2.85%, from 2025 to 2026 is about 2.77%, from 2026 to 2027 is around 2.70%, and from 2027 to 2028 is close to 2.63%. This indicates a slight decrease in growth rate each year. The compound annual growth rate (CAGR) over the forecast period is estimated to be around 2.74%, reflecting a moderate yet consistent increase in imports.
Future trends to watch for include the impact of global economic conditions, domestic demand for wood residues as a result of industrial needs and government policies, and international market dynamics, which might affect both the supply and price of imported wood residues. Monitoring sustainability practices and developments in alternative materials could also influence future demand.
