India biggest market for US lumber

India has emerged as the biggest growth market for US hardwood lumber in the first half of 2023, with the total shipped to the market rising by 76% in volume to 6,610 cubic metres and by 47% in value to US$ 3.98 million, according to the American Hardwood Export Council (AHEC).

The statistics, which have been compiled from the latest data released by the United States Department of Agriculture (USDA), reveal that shipments to India during the first half of this year were dominated by White oak, ash, Red oak and maple, with the latter rising from a very small base in the previous year.

The biggest increases in value and volume were seen in ash (931% and 1,092%), maple (809% and 1,155%), walnut (248% and 268%) and White oak (160% and 121%).

A report by Mordor Intelligence states that the India furniture market size in 2023 is estimated at US$ 15.79 billion and is expected to reach US$ 26.85 billion by 2028. The Mordor report points out that the Indian furniture market has changed, expanding beyond chairs and tables to include interiors.



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