The UK’s pulpwood, round and split production has shown a steady decline from 2013 to 2023. In 2023, the production was 1.4819 million cubic meters, reflecting a 2.56% decrease from the previous year and a 2.07% negative compound annual growth rate (CAGR) over the past two years.
Between 2018 and 2023, production saw some fluctuations with a sharp decline in 2020 by 19.09%, followed by a partial recovery in 2021 with a 17.43% increase. However, the overall trend continued downward across the period, with an average annual reduction of 3.07% in the last five years.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continued decrease in production, with a projected negative CAGR of 2.34% and an overall decline of 11.16% over five years.
Future trends to watch:
- Technological advancements in pulpwood production methods.
- Government policies affecting timber and pulpwood industry regulations.
- Market demand fluctuations and alternative material adoption.
- Environmental sustainability initiatives impacting production practices.
