From 2013 to 2023, Coniferous Sawnwood production in South Africa has exhibited a notable growth trend. In 2013, the production was at 1.4195 million cubic meters, and by 2023, it reached 2.0058 million cubic meters. Over the years, specific variations include significant increases in 2014 and 2016 and a general stabilization around 2.0 million cubic meters from 2017 to 2023. The production saw a slight dip in 2020 and 2021 but remained constant through 2022, with a minor increase of 1.41% in 2023.
Yearly growth percentages had fluctuations, with notable increases such as 21.9% in 2014 and 8.87% in 2016. However, the most significant yearly growth occurred in 2014. The last five years have seen an average annual growth rate (CAGR) of 0.058%, showing relatively stable production levels.
Future trends to watch include:- Forecasts from 2024 to 2028 show a steady increase at a 5-year CAGR of 1.03%.- Key factors that may influence future production include changes in forestry management practices, environmental policies, and global demand.