Non coniferous roundwood market in India

Earlier Report Observations

From 2018 to 2023, India's non-coniferous roundwood production gradually declined from 342.7 million m³ to 338.2 million m³, while market volume shrank from 346.1 million m³ to 340.4 million m³. This contraction was influenced by high interest rates in the construction sector during 2023, which reduced housing demand and consequently dampened wood consumption. Additionally, global supply chain disruptions in 2022 affected timber imports and availability, contributing to the market's slow decrease.

Regulatory adjustments, such as changes to export quotas for protected species like rosewood under CITES, impacted market access during the period. Government initiatives, including the Production Linked Incentive (PLI) scheme for furniture in 2023, offered tax breaks to companies using renewable materials, stimulating industry activity. The entry of new players and launch of production facilities focused on recycled wood and eco-friendly products also marked the market's evolution toward sustainable alternatives.

In 2024, the INDIAWOOD exhibition highlighted advancements in woodworking and furniture production technologies, including digitalization and automation. Significant capital deployment in real estate, along with online furniture sales doubling compared to pre-pandemic levels, reflected shifting consumer preferences and sales channels. Updated export regulations for agarwood and rosewood further shaped trade dynamics, while continued policy emphasis on sustainable forestry aimed to address long-term supply constraints.

Production non coniferous roundwood in India

In kind, 2017-2020, M m³

From 2017 to 2020, India was the world's largest producer of non-coniferous roundwood.

Top producers of non coniferous roundwood, 2017-2020

World map of production of non coniferous roundwood, 2017-2020

India's non-coniferous roundwood production declined for the third consecutive year. In 2020, the country produced 341.4 million cubic meters, showing only minor year-over-year fluctuations.

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

In value, 2017-2020, M $ US

In 2020, India's non-coniferous roundwood output was valued at 80 396 million US dollars, representing a 15.8% increase compared to 2019. Over the 2017-2020 period, production grew by 3.5%, with a compound annual growth rate of 1.2%. The lowest value was recorded in 2019 at 69 442 million US dollars, which saw the largest decline of 11.0%.

Annual dynamics of production in India in value, 2017-2020, M $ US

Exports non coniferous roundwood from India

Exports in kind, K m³

The data shows irregular changes, indicating a volatile market environment. Export volumes reached their lowest point in 2020 after peaking in 2017, with a top-to-bottom ratio of 11.5 times. In 2020, India's foreign non-coniferous roundwood supplies amounted to 27 thousand cubic meters, marking a 90.2% decrease from the previous year. The largest increase occurred in 2019 at 15.4%.

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

Between 2017 and 2020, China and Hong Kong formed the core of India's non-coniferous roundwood exports in volume terms, together accounting for 99.1% of total flows.

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

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

Exports in value, M $ US

The market displayed volatility during the observed period. From 2017 to 2020, there was a peak-to-trough amplitude of 11.1 times. In 2020, India's foreign non-coniferous roundwood supplies were valued at 6 million US dollars, reflecting an 88.6% year-over-year decrease. The largest increase was recorded in 2019 at 2.9%.

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

From 2017 to 2020, China and Hong Kong were the dominant destinations for India's non-coniferous roundwood exports in value terms, jointly representing 97.8% of total flows, while the remainder was distributed among smaller markets.

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

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

Imports non coniferous roundwood to India

Imports in kind, K m³

India's non-coniferous roundwood import volumes declined for the third consecutive year. In 2020, imports totaled 1 929 thousand cubic meters, down 23.0% from the prior year. Between 2017 and 2020, imports decreased by 54.8%, equating to an annualized rate of 23.3%.

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

From 2017 to 2020, the country breakdown of imports in volume terms was scattered: Malaysia (21.7% of imports), New Zealand (20.4%), and Suriname (7.6%) together accounted for just 49.7% of total flows, with no single partner emerging as clearly dominant.

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

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

Imports in value, M $ US

India's non-coniferous roundwood import volumes declined for the third consecutive year. In 2020, the country imported 517 million US dollars worth of non-coniferous roundwood, marking a 32.2% drop from the previous year. Over the 2017-2020 period, imports decreased by 55%, with a compound annual growth rate of 23.4%.

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

Between 2017 and 2020, the partner landscape for imports in value terms was broad, as Malaysia (21.8% of imports), New Zealand (10.6%), and Suriname (7.9%) together formed only 40.2% of total flows, with a substantial 59.8% supplied by many other countries.

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

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