This budget is certainly a booster shot, which will be evident with speedy growth. I am able to foresee around 16% growth in calibrated plywood and particle board, around 12% in Decorative laminate led by lower than 0.8 mm.
MDF board is the fastest growing wood panel products in India scene. Be it manufacturing capacity or demand growth, MDF has expanded and penetrated its presence in every region.
Rocketing dollar prices against Rupee is reported to help domestic MDF manufacturers in taking over imported MDF market. Report from trade hinted that the price gap between imported and domestic MDF prices has been narrowing because the dollar rates
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The market traders said that increasing supply of MDF from domestic producers and import will further lead to fierce competition in the market resultantly suppliers will be compelled to reduce the prices in terms of different discount models.