The production of non-coniferous wood fuel in Singapore is forecasted to decline steadily from 26.48 thousand cubic meters in 2024 to 24.98 thousand cubic meters in 2028. In 2023, the actual production stood at 26.86 thousand cubic meters. This reflects a consistent year-on-year decrease, with a reduction of 1.4% in 2024, 1.43% in 2025, 1.46% in 2026, and 1.46% in 2027. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be around -1.45%, indicating a steady decline in production.
Future trends to watch for include the impact of energy policy shifts towards more sustainable and alternative energy sources, technological advancements in wood fuel production, and changes in global supply and demand dynamics. Additionally, Singapore’s commitment to reducing carbon emissions may lead to further reductions in wood fuel production.
