Key Market Indicators
Armenia's forestry revenue is projected to decline in the coming years, with figures expected to decrease to approximately 17,400 hectares by 2028. This marks a drop from around 17,900 hectares recorded in 2023. The annual compound growth rate (CAGR) for this period is anticipated to be a negative 0.4%. The trend is not entirely new, as the country's forestry supply has been gradually diminishing since 1997, with an average annual decrease of 1%.
