India: Wood and Wood Products Update 2024

  |   Attaché Report (GAIN)   |   IN2024-0026
India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023. Limited domestic supplies coupled with booming retail furniture, handicraft and hospitality sectors is driving demand for newer species. Exporters are also increasingly sourcing imported species to meet certification requirements in export markets.

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