Coniferous sawnwood production in Malaysia showed stability from 2013 to 2020, consistently producing around 20,000 cubic meters annually. A significant upward trend started in 2021, with production rising to 23,140 cubic meters, marking a year-on-year increase of 15.68%. This growth continued in 2022 with a 13.34% rise, reaching 26,220 cubic meters. By 2023, production stood at 29,280 cubic meters, an 11.66% year-on-year increase, showing robust growth. The 5-year compound annual growth rate (CAGR) from 2019 to 2023 was 7.92%.
Forecasts from 2024 onwards show continued growth, predicting production will reach 41,200 cubic meters by 2027 and 44,110 cubic meters by 2028, with a 5-year forecasted CAGR of 6.43% and an overall growth rate of 36.54% by 2028.
Future trends to watch for include potential impacts of economic policies, environmental regulations, and advancements in sustainable forestry practices, which may influence production dynamics.