The production of wood chips, wood particles, and wood residues in Cameroon has shown remarkable stability from 2013 to 2022, with consistent values of 16.0 thousand cubic meters annually. By 2023, production slightly elevated to 16.02 thousand cubic meters, marking a marginal year-on-year increase of 0.12%. Over the last two years, the growth trend suggests continuity, with minimal fluctuations. The Compound Annual Growth Rate (CAGR) over the past five years, from 2019 to 2023, has averaged at 0.024%, indicating a steady but slow increase in production volumes.
Looking ahead, forecasted data depict a gradual uptrend, with production anticipated to rise to 16.11 thousand cubic meters by 2028. This implies a forecasted 5-year CAGR of approximately 0.09%, reflecting a slow but positive growth trajectory. The overall 5-year growth rate forecast stands at 0.46%, suggesting marginal growth in the mid-term horizon.
Future trends to watch for include:
- Potential impact of technological advancements in production efficiency.
- Environmental policies affecting the wood industry.
- Market demand fluctuations for wood-based products.
- Investment in sustainable forestry practices influencing production volumes.
