In 2023, India's coniferous roundwood import stood at 3.0 million cubic meters. Forecast data shows a steady upward trend in imports from 2024, with figures reaching 4.8748 million cubic meters by 2028. The year-on-year growth rate ranges between approximately 10% and 12%. The compound annual growth rate (CAGR) over this period is expected to be around 9.6%, indicating consistent growth in demand.
Future trends to watch for:
- Potential impact of India's economic growth and infrastructure development on timber demand.
- Changes in import policies or tariffs affecting coniferous roundwood trade.
- Environmental regulations or sustainability initiatives influencing sourcing and supply chains.