The import of Meranti (Light or Dark Red) Bakau Wood to India is forecasted to see a steady rise from USD 112.05 million in 2024 to USD 124.91 million by 2028. This represents a year-on-year growth, with each year reflecting approximately a 3% increase. The compound annual growth rate (CAGR) of imports over the five-year period is projected at around 2.7%. In 2023, the import value was slightly under the 2024 forecast, indicating a robust demand increase.

Future trends to watch include:

Potential shifts in global trade policies affecting wood imports.
Fluctuations in domestic construction and furniture sectors, driving demand for Meranti.
Environmental regulations and sustainability practices impacting sourcing and supply chain dynamics.