Forecast: Import of Lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore Wood to India

The forecasted data for the import of Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore wood to India shows a steady annual growth from 2024 to 2028. The volume started at 290.69 thousand cubic meters in 2024 and is expected to reach 342.9 thousand cubic meters by 2028, indicating a consistent increase. In 2023, the recorded volume level was slightly lower, underscoring the increasing trend over the forecasted period.

Year-on-year growth rates from 2024 to 2028 are calculated to examine the trend of rising import volumes. This suggests a significant average annual growth rate over the five-year span, reinforcing the demand acceleration for these types of lumber in India.

Future trends to watch for include:

  • Global supply chain disruptions or improvements which could affect import volumes.
  • Changes in domestic policy regarding wood importation regulations in India.
  • Emerging environmental concerns and policies could impact the sourcing and popularity of these specific wood types.

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