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India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023.
India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.