In 2023, wood fuel production in the Philippines stood at 11.08 million cubic meters. Forecasted data indicates a year-on-year decrease of 0.75% from 2023 to 2024, a 0.74% drop from 2024 to 2025, a 0.75% decline from 2025 to 2026, and a further 0.75% decrease from 2026 to 2027, with a similar 0.75% reduction expected from 2027 to 2028. Over the last two years (2023-2025), the average annual decrease equates to approximately 0.75%, resulting in a cumulative average growth rate (CAGR) of -0.75% per year for the five-year period from 2023 to 2028.
Future trends to watch for:
- Potential shifts in energy policies towards renewable sources.
- Technological advancements in more efficient wood fuel production methods.
- Changes in global and local market demand for wood fuel.
- Impacts of environmental regulations and sustainability efforts.
