New Study Forecasts India's Log Imports and Recovered Paper Demand to Double By 2016

Posted : Mon, 17 Sep 2007 14:21:47 GMT Author : RISI BOSTON, Sept. 17 /PRNewswire/ -- RISI, the leading information provider for the global forest products industry, today announced the publication of a new study on India's forest products industry. The study, India's Forest Products Industry, projects that India is poised to make a major impact in the global recovered paper market with a 7.9% annual growth in demand for recovered paper through 2016. This growth will make India the second-largest recovered paper market in the world, after China. The study also forecasts Indian imports of logs, primarily hardwood from Southeast Asia and Africa and softwood from New Zealand and Australia, to double between 2006 and 2016. "With its strong economic growth and huge population, people often ask me if India is going to be the next China in forest products," said Robert Flynn, Director, International Timber at RISI, referring to the enormous impact Chinese growth has had on the global forest products industry. The new study shows that the development of India's paper and wood industries will take a different path than that of China. "While we expect strong, continued growth in India's consumption of both wood and paper products over the next ten years, we also see major hurdles that will make it difficult for India to reach China's level of demand in any particular product category" For more information or to order India's Forest Products Industry please, call (+1) (781) 734-8900 or visit http://www.risiinfo.com/india. About RISI RISI is the leading information provider for the global forest products industry................................ FULL ARTICLE AT: http://www.earthtimes.org/articles/show/news_press_release,179088.shtml