The production of pulpwood, round and split in South Korea has shown a fluctuating trend over the past decade, with notable decreases in recent years. In 2023, the production stood at 1.9835 million cubic meters. Year-on-year variations highlight a -2.63% decline in 2023, following a period marked by inconsistent growth and decline. The compound annual growth rate (CAGR) over the last five years averaged -1.78%, indicating an overall downward trend.
Looking forward, the forecast for the next five years indicates an average annual decrease of 2% in production volumes, translating to a cumulative reduction of 9.61% by 2028.
Future trends to watch for include changes in domestic demand for wood products, potential shifts in forestry management policies, and advancements in wood processing technology which could influence production efficiency and volume.
