Key Market Indicators
Thai forestry revenue is projected to decline, with the area covered by forests expected to shrink to roughly 3.3 million hectares by 2028, down from approximately 3.4 million hectares in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.6%. The downward trend in Thailand's forestry supply has been ongoing since 1995, with an average annual reduction of 0.9%. This persistent decline highlights the challenges facing the country's forestry sector.
