In 2023, Canada's coniferous roundwood production stood at 118.93 million cubic meters. The forecast for the years 2024 to 2028 shows a steady increase, with values predicted to rise from 120.39 million cubic meters in 2024 to 126.44 million cubic meters in 2028. The year-on-year percentage variations from 2024 to 2028 are as follows:
- 2024: +1.23%
- 2025: +1.27%
- 2026: +1.25%
- 2027: +1.22%
- 2028: +1.20%
The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.24% per year. This indicates a healthy and consistent increase in production capacity.
Future trends to watch for include technological advancements in forestry management, potential regulatory changes, and fluctuations in global demand for wood products. Monitoring these factors will be crucial for predicting longer-term shifts in production levels.
