The wood-based panels production in Thailand in 2023 stood at 8.4346 million cubic meters, having seen a year-on-year variation of 3.48% from 2022. The recent trend over the past two years suggests moderate growth, as reflected by an average annual variation of 2.07% over the last five years. Forecasted data indicates steady growth with a projected increase to 9.5006 million cubic meters by 2028, reflecting an average annual growth rate (CAGR) of 1.89%.
Future trends to watch for include potential increases in demand driven by the construction sector and technological advancements in wood processing, which could impact production capabilities and efficiency. Additionally, sustainability practices and regulations may play a significant role in shaping the industry's trajectory.
