In 2023, wood fuel production in South Korea stood at an actual value not reported in the dataset. The forecasted data shows a declining trend in wood fuel production from 2024 to 2028. Specifically, production is expected to decrease from 178.58 in 2024 to 156.46 thousand cubic meters by 2028. This represents a year-on-year decrease of approximately 3.13% from 2024 to 2025, 3.22% from 2025 to 2026, 3.28% from 2026 to 2027, and 3.36% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period indicates a general downward trend.

Key trends to watch:

Continued focus on renewable energy sources, potentially reducing reliance on wood fuel.
Government policies and regulations impacting wood fuel production and consumption.
Technological advancements in alternative energy that may further decrease wood fuel demand.