In 2023, India's import of plywood with 1 or 2 outer ply non-coniferous stood at an estimated figure. From 2024 to 2028, a steady annual growth reflects increasing demand, with an average year-on-year growth rate slightly above 3.5%. Cumulatively, this accounts to a CAGR reflective of rising construction activities and consumer preference for diverse plywood applications. This trend suggests a competitive supply chain responding to economic indicators and sector dynamics.
Future trends to watch include:
- Impact of policy changes on import tariffs.
- Shifts in domestic production capacity.
- Global supply chain disruptions influencing pricing and availability.
- Environmental regulations affecting sourcing of raw materials.
