India: Wood and Wood Products Update 2019

India’s annual import of logs, lumber and wood products have increased from $1.3 billion to $2 billion in the past decade. The market share of U.S forest product imports has reached record levels in 2018, albeit from a small base. Limited domestic supplies, coupled with booming retail furniture, handicraft and hospitality sectors is driving demand for newer species. Still, India remains a long-term prospective market for U.S. forest products, specifically lumber and logs.

India: Wood and Wood Products Update 2019