Thailand's wood fuel production has been on a gradual decline over the past decade. As of 2023, the production stood at 18.276 million cubic meters. Year-on-year variations from 2013 to 2023 show a consistent downward trend, ranging from -0.52% to -0.059%. The compound annual growth rate (CAGR) over the last five years was -0.26%, reflecting a steady but diminishing production rate.
Forecasted data suggests this trend will continue, with a projected average annual reduction of -0.04% in the coming five years, leading to a cumulative decrease of -0.22% by 2028.
Future trends to watch for:
- Environmental policies affecting wood fuel demand.
- Technological advancements in alternative energy sources.
- Thailand's efforts towards sustainable forestry practices.
