Wood and wood product import value into

India FY 2011-2021
Published by Sandhya Keelery, Oct 19, 2021
The woodworking industry in India is amongst the fastest growing sectors. According to a
study conducted by World Bank, the organized furniture market across the country was
expected to grow at a rate of about 20 percent annually over the next few years. The country
has also been importing wood and wood products. The value of imports in the industry was
more than 329 billion Indian rupees at the end of fiscal year 2021.

Industry insight

India has a thriving range of industries that deal with processed and semi-processed value-
added timber products. Plywood, veneer and wooden furniture, handicrafts, and pulp and
paper are also popular segments within the industry. In 2019, the wood exports from the
country were valued at over 70 billion Indian rupees. In response to the growing demands,
the wholesale price index of wood and wood products has also increased in recent years.

Growing concerns

To cope with domestic and international demands, tree loss in the nation has been consistent
over the last 20 years. The damage along the north eastern parts of the country was severe in
the last five years, due to the ‘’slash and burn’’ cultivation approach. Growing concerns and
pressure from environmental organizations possibly reduced the proposed investments in the
timber sector. Nonetheless, the demand and growth in the industry is most likely to remain
unaffected by the ‘minor’ growth inhibitors.