Nepal’s plywood exports plunge 46.8 percent amid delay in Indian quality certification
Summary
Nepal's plywood exports to India dropped nearly 47% due to delays in renewing the Indian BIS certificate, causing significant disruption for manufacturers. Exports are recovering after certification resumed, with manufacturers exploring new markets and expanding commercial tree plantations to meet demand.
Key Points
- Nepal's plywood exports fell 46.78% in the first seven months of the fiscal year due to delays in Indian BIS certification.
- Manufacturers waited five months to renew the certificate, halting exports temporarily before resuming.
- Exports to India have been rising steadily in recent years, driven by demand for quality Nepali plywood and decreased Indian production.
- Nepali industry is investing in commercial tree plantations to sustain plywood raw material supply and aims to explore new Indian markets for premium products.
