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January 14, 2019

New pattern of demand impacting the Indian plywood market

New pattern of demand impacting the Indian plywood market
The plywood market in India has absorbed an earlier price rise but supplies are still increasing faster than demand. Analysts and manufacturers remain confident that plywood supply and demand will eventually balance out.    The housing sector is adjusting to a new pattern of demand, including trends towards houses of a smaller size, studio houses, weekend houses and the Indian Government’s ‘Houses for All’ (Pradhan Mantri Awas Yojana) scheme.    The latter includes, most recently, approval of a project to build 205,000 urban houses for poorer segments of the population.   ...

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