India’s growing demand for imported wood products

India’s annual import of logs, lumber, and wood products has seen a dramatic rise over the past two decades, climbing from $630 million to $2.3 billion. The U.S. has made significant inroads into this expanding market, with its market share reaching a record high of $84 million in 2023. This surge in imports is driven by a combination of limited domestic supplies and booming demand from sectors such as retail furniture, handicrafts, and hospitality. Forest resources and domestic supply challenges The latest data from India’s Ministry of Environment, Forests, and Climate Change reveals that ...