The import of Meranti (Light or Dark Red) Bakau Wood logs to India is forecasted to grow steadily from 419.72 thousand cubic meters in 2024 to 461.97 thousand cubic meters by 2028. In 2023, imports stood at approximately 409.15 thousand cubic meters. Year-on-year growth rates indicate a consistent annual increase of around 2.4% to 2.5%. The compound annual growth rate (CAGR) over the next five years is projected to be about 2.5%, illustrating a stable upward trend in import volume.
Future trends to watch include the impact of sustainability regulations, shifts in construction and furniture manufacturing demand, and the economic relationship between wood-exporting countries and India, as these factors could influence import volumes and policy changes.
