Forecast: Plywood Production in Indonesia

The plywood production in Indonesia saw a stable trend from 2013 to 2016, maintaining a consistent value of 3.8 million cubic meters. A slight decline occurred in 2017 (-5.26%), followed by a marked recovery in 2018 with a significant increase (+29.96%). Though there were fluctuations, the overall trend showed an upward trajectory. By 2023, production had reached 4.9764 million cubic meters, reflecting a year-on-year growth of 3.52% and a 5-year CAGR of 1.24%.

Future trends to watch for include:

  • A steady projected growth in plywood production, with an average annual increase of about 2.16% over the next five years.
  • Potential influences of government policies on the forestry sector.
  • Market demands both domestically and internationally.
  • Technological advancements in plywood manufacturing.

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