| Product Code: ETC7557151 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s wood-based panel import shipments in 2024 continued to be dominated by top exporting countries such as Thailand, Bhutan, China, Germany, and Malaysia. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -8.45% from 2020 to 2024. The growth rate in 2024 plummeted by -26.25%, reflecting challenges in the market. Stakeholders in the wood-based panel industry in India may need to closely monitor these trends and adapt their strategies to navigate the changing landscape effectively.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wood Based Panel Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wood Based Panel Market Revenues & Volume, 2021 & 2031F |
3.3 India Wood Based Panel Market - Industry Life Cycle |
3.4 India Wood Based Panel Market - Porter's Five Forces |
3.5 India Wood Based Panel Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Wood Based Panel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Wood Based Panel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure development projects in India |
4.2.2 Increasing demand for ready-to-assemble furniture |
4.2.3 Rise in disposable income leading to higher spending on interior decor |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of standardized quality control measures in the industry |
4.3.3 Environmental concerns and regulations related to wood sourcing and production |
5 India Wood Based Panel Market Trends |
6 India Wood Based Panel Market, By Types |
6.1 India Wood Based Panel Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Wood Based Panel Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 India Wood Based Panel Market Revenues & Volume, By Medium density fiberboard (MDF), 2021- 2031F |
6.1.4 India Wood Based Panel Market Revenues & Volume, By High density fiberboard (HDF), 2021- 2031F |
6.1.5 India Wood Based Panel Market Revenues & Volume, By Particleboard, 2021- 2031F |
6.1.6 India Wood Based Panel Market Revenues & Volume, By Oriented Strand Board (OSB), 2021- 2031F |
6.1.7 India Wood Based Panel Market Revenues & Volume, By Softboard, 2021- 2031F |
6.1.8 India Wood Based Panel Market Revenues & Volume, By Hardboard, 2021- 2031F |
6.2 India Wood Based Panel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Wood Based Panel Market Revenues & Volume, By Furniture, 2021- 2031F |
6.2.3 India Wood Based Panel Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 India Wood Based Panel Market Revenues & Volume, By Packaging, 2021- 2031F |
7 India Wood Based Panel Market Import-Export Trade Statistics |
7.1 India Wood Based Panel Market Export to Major Countries |
7.2 India Wood Based Panel Market Imports from Major Countries |
8 India Wood Based Panel Market Key Performance Indicators |
8.1 Average selling price of wood-based panels |
8.2 Adoption rate of eco-friendly manufacturing processes |
8.3 Percentage of market share held by sustainable wood-based panel manufacturers |
9 India Wood Based Panel Market - Opportunity Assessment |
9.1 India Wood Based Panel Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Wood Based Panel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Wood Based Panel Market - Competitive Landscape |
10.1 India Wood Based Panel Market Revenue Share, By Companies, 2024 |
10.2 India Wood Based Panel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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