Market research

MDF market in India

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2020, the MDF market volume in India remained stable at around 1.3 million m³ per year. This stability was supported by the entry of new players and the launch of production facilities in 2018, which catered to growing demand from the real estate and interior design sectors. Significant investments by state-owned and private companies expanded capacity in 2019, while new moisture-resistant MDF product segments emerged. The COVID-19 pandemic in 2020 caused supply chain disruptions, but a shift in consumer preferences towards home renovation during lockdowns helped sustain overall consumption.

Market volume grew sharply from 1.4 million m³ in 2021 to 2.3 million m³ in 2023. The post-pandemic recovery phase saw production facilities reopen and supply chains resume, accompanied by the entry of new players focusing on sustainable MDF products. Advanced MDF boards with better environmental compliance were launched, aligning with consumer demand for green building materials. Major companies increased investments to expand production capacity, and a boom in the real estate sector, driven by government policies, significantly boosted demand. New product segments like fire-retardant and premium customized MDF boards gained traction, supported by the expansion of distribution channels into smaller cities.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in India
  1. 5.1.1. Annual dynamics of production in India in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in India in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to India in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to India in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from India in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from India in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production MDF in India

In kind, 2017-2020, K m³

India ranked 15th globally in MDF production from 2017 to 2020.

Top producers of MDF, 2017-2020

Source: SHEV.io

World map of production of MDF, 2017-2020

Source: SHEV.io

India's MDF production grew for the third year in a row. In 2020, the country produced 1 150 K m³ of MDF, marking a 15.0% increase from 2019. Over the 2017–2020 period, production rose by 29.2%, which translates to an annualized growth rate of 8.9%.

Annual dynamics of production in India in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.7%	5.3%	15.0%	8.9%

Source: SHEV.io

Exports MDF from India

Exports in kind, K m³

The export market showed an unstable trend during this period. Exports hit their lowest point in 2017 and peaked in 2019, with a 7.8-fold difference between these years. In 2020, MDF shipments from India abroad totaled 21.7 K m³, down 8.7% from 2019. The highest volume was recorded in 2019 at 23.8 K m³, with the largest annual increase that year at 322.3%.

Annual dynamics of product's exports from India in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	84.2%	322.3%	(8.7%)	92.2%

Source: SHEV.io

From 2017 to 2020, the United Arab Emirates (48.5% of exports in kind), Sri Lanka (15.8%), and Malaysia (6.0%) remained the top buyers of MDF from India, together accounting for 70.4% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from India in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

India's MDF exports in value terms grew for the third consecutive year. In 2020, export volume reached 17 926 K US dollars, showing a modest gain of 4.5% over the previous year. Between 2017 and 2020, exports surged by 311.6%, with a compound annual growth rate of 60.3%.

Annual dynamics of product's exports from India in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.0%	185.5%	4.5%	60.3%

Source: SHEV.io

During 2017–2020, the United Arab Emirates (49.0% of exports in value terms), Sri Lanka (18.5%), and South Korea (5.7%) continued to lead as the main buyers of MDF from India, collectively making up 73.2% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from India in value, 2017-2020

Source: SHEV.io

Imports MDF to India

Imports in kind, K m³

India's MDF import volume fell for the second year in a row. In 2020, imports totaled 153.3 K m³, a sharp drop of 52.6% from the previous year. Over the 2017–2020 period, imports decreased by 54.9%, with an annualized decline of 23.3%. The highest volume was recorded in 2018 at 363.6 K m³, with the largest annual increase that year at 6.9%.

Annual dynamics of product's imports to India in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.9%	(11.0%)	(52.6%)	(23.3%)

Source: SHEV.io

From 2017 to 2020, Vietnam (33.2% of imports in kind), Malaysia (19.6%), and Thailand (16.6%) were the largest contributors to imports in kind, together representing 69.4% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to India in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

India's MDF import value declined for the second consecutive year. In 2020, imports amounted to 35 367 K US dollars, a sharp decrease of 50.3% from a year earlier. Between 2017 and 2020, imports fell by 54.1%, equating to an annualized rate of decline of 22.9%. The peak value was in 2018 at 83 178 K US dollars, with the largest annual increase that year at 8.0%.

Annual dynamics of product's imports to India in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.0%	(14.4%)	(50.3%)	(22.9%)

Source: SHEV.io

In 2017–2020, Vietnam (29.6% of imports in value terms), Malaysia (18.0%), and Thailand (14.6%) continued to be the top suppliers of MDF to India, jointly accounting for 62.2% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to India in value, 2017-2020

Source: SHEV.io