The forecasted wood products exports from Indonesia to Malaysia demonstrate a steady upward trend from 2024 to 2028. The value, measured in millions of US dollars, progresses from 125.88 in 2024 to 143.01 by 2028. This consistent growth suggests a positive and resilient market.
A historical analysis indicates that in 2023, the exports stood at a notable value, forming the baseline for the subsequent years' forecasts. The year-on-year variations present an incremental growth pattern, culminating in a healthy compound annual growth rate (CAGR) for the 2024-2028 period.
Key future trends to watch for include potential shifts in global demand, advancements in sustainable production practices, and evolving trade policies which could impact the bilateral trade dynamics between Indonesia and Malaysia in the wood products sector.