Analyzing the wood fuel production in Malaysia from 2013 to 2023 reveals a consistent decline in output. Starting at 2.6644 million cubic meters in 2013, production steadily decreased to 2.3079 million cubic meters by 2023. This represents a year-on-year contraction ranging from 1.73% in 2013 to 1.66% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at -1.36%, indicating a gradual but continuous reduction.

Looking forward, from 2024 to 2028, the downward trend is expected to persist, with an estimated 5-year CAGR of -1.36%. The forecast predicts that wood fuel production will further decrease to 2.1197 million cubic meters by 2028, marking a total decline of 6.6% over this period.

Future trends to watch for include:

Increasing adoption of alternative energy sources which may further reduce wood fuel demand.
Policy shifts and environmental regulations that could impact production volumes.
Technological advancements in wood fuel processing that could potentially optimize efficiency and output.