Based on the data, Nigeria's non-coniferous pulpwood, round and split production is expected to decrease from 2024 to 2028. Specifically, production is forecasted to drop consistently each year from 20.87 thousand cubic meters in 2024 to 18.75 thousand cubic meters in 2028. For the year 2023, the production stood at 21.41 thousand cubic meters.
Year-on-year variations for each forecasted year are as follows:
- 2024: -2.52%
- 2025: -2.59%
- 2026: -2.61%
- 2027: -2.68%
- 2028: -2.70%
The compound annual growth rate (CAGR) for the period from 2023 to 2028 is approximately -2.6%, indicating an average annual decline in production over these years.
Future trends to watch for include the impact of environmental policies, technological advancements in pulp production, and shifts in global pulp demand. Monitoring these factors will provide insights into potential stabilizations or further declines in production.
