Forecast: Wood Chips and Wood Particles Production in Indonesia

The production of wood chips and wood particles in Indonesia remained constant from 2013 to 2022 at 1.788 million cubic meters. In 2023, there was a slight increase to 1.8192 million cubic meters, representing a year-on-year growth of 1.74%. This modest growth indicates a break from the decade-long stagnation. Projected data for 2024 to 2028 show a stable increase in production with an average annual CAGR of 1.26%, reaching 1.9695 million cubic meters by 2028, resulting in a 6.47% overall growth from 2023. The long-term trend suggests a gradual enhancement in production capacity and efficiency.

Future trends to watch for:

  • Technological advancements in wood processing
  • Policy changes regarding sustainable forest management
  • Global demand dynamics for wood products
  • Investment in local wood-based industries

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