From 2013 to 2023, South Africa's sawnwood production has shown varied trends. It began with a significant increase from 1.5527 million cubic meters in 2013 to a peak in 2019 at 2.2593 million cubic meters, reflecting a steady growth trajectory.
Post-2019, production saw a dip to 2.105 million cubic meters from 2020 to 2022, likely due to external factors influencing market stability. The value in 2023 stands at 2.138 million cubic meters, marking a slight year-on-year increase of 1.57% from the previous year. The recent 5-year CAGR indicates a moderate annual decline of 1.1%.
Looking ahead, forecasts suggest a growing trend, with production rising to an estimated 2.2975 million cubic meters by 2028. The forecasted 5-year CAGR is projected at 1.14%, translating to an overall growth rate of 5.85% by 2028.
Future trends to watch for include potential impacts of sustainability practices, technological advancements in production, and shifts in global market demand, which could influence both the volume and value of sawnwood production in South Africa.
