The US wood chips and wood particles production peaked in 2016 at 50.264 million cubic meters but has since experienced fluctuating declines. In 2023, production stood at 45.549 million cubic meters, reflecting more moderate declines. The year-on-year variation for 2022 and 2023 was 3.82% and -0.77%, respectively. The last five-year CAGR from 2019 to 2023 is approximately 0.12%, indicating a very slight increase per year on average. Forecasts suggest a continued downward trend, with an expected production of 43.893 million cubic meters by 2028. The five-year CAGR from 2024 to 2028 is -0.59%, leading to an overall projected decline of -2.91% over these years.
Future trends to watch for:
- Impact of environmental regulations on production processes.
- Technological advancements in wood processing.
- Shifts in demand from domestic and international markets.
