The production of wood chips and wood particles in Thailand has experienced significant fluctuations over the past decade. Starting from a stable level in 2013-2014, production doubled in 2015, followed by a steep decline from 2016 through 2020. After a stable phase from 2021 to 2022, production slightly rebounded by 8.31% in 2023, standing at 1.8802 million cubic meters.
The forecast from 2024 to 2028 indicates a positive trend, with a 5-year CAGR of 3.8% and an overall growth rate of 20.51%. Key trends to watch for include technological advancements, changes in domestic policies, and shifts in global demand for wood-based products, which could significantly impact production levels in the future.
