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India's Plywood Market Report 2024 - Prices, Size, Forecast, and Companies

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The Indian plywood market stood at $X in 2023, standing approx. at the previous year. Over the period under review, consumption enjoyed a remarkable increase. Plywood consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

In value terms, plywood production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

In 2023, shipments abroad of plywood decreased by X% to X cubic meters for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X cubic meters in 2022, and then shrank sharply in the following year.

In value terms, plywood exports shrank rapidly to $X in 2023. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then dropped rapidly in the following year.

The United Arab Emirates (X cubic meters), Saudi Arabia (X cubic meters) and Oman (X cubic meters) were the main destinations of plywood exports from India, together accounting for X% of total exports. Thailand, Bhutan, Nepal, the United States, Bahrain, Egypt, Iraq, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Bhutan ($X) and Saudi Arabia ($X) appeared to be the largest markets for plywood exported from India worldwide, together accounting for X% of total exports. Oman, Nepal, the United States, Thailand, Bahrain, Turkey, Egypt, Iraq and Belgium lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2023, the average plywood export price amounted to $X per cubic meter, standing approx. at the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X thousand per cubic meter), while the average price for exports to Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (X%), while the prices for the other major destinations experienced a decline.

In 2023, supplies from abroad of plywood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plywood imports surged to $X in 2023. In general, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

China (X cubic meters), Vietnam (X cubic meters) and Nepal (X cubic meters) were the main suppliers of plywood imports to India, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plywood suppliers to India were Nepal ($X), Vietnam ($X) and China ($X), together comprising X% of total imports.

Nepal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

The average plywood import price stood at $X per cubic meter in 2023, reducing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per cubic meter. From 2022 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X thousand per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

This report provides an in-depth analysis of the plywood market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

This report provides an in-depth analysis of the plywood market in Asia.

This report provides an in-depth analysis of the plywood market in the U.S..

This report provides an in-depth analysis of the plywood market in China.

This report provides an in-depth analysis of the plywood market in the EU.

This report provides an in-depth analysis of the global plywood market.

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