The data indicates that from 2013 to 2022, Angola's plywood production remained stable, consistently at 10.0 thousand cubic meters annually. In 2023, a minor increase of 0.05 thousand cubic meters brought production up to 10.05 thousand cubic meters, showing a year-on-year variation of 0.53%. Forecasts suggest a gradual increase over the next five years, with production expected to reach 10.31 thousand cubic meters by 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is forecasted at 0.4%, signifying an overall growth rate of 2% over this period.
Key points:
- From 2013 to 2022: Stable at 10.0 thousand cubic meters.
- In 2023: Slight increase to 10.05 thousand cubic meters, with a 0.53% year-on-year variation.
- 2024 to 2028: Forecasted growth to 10.31 thousand cubic meters, with a 5-year CAGR of 0.4%.
Future trends to watch for include potential impacts of global supply chain dynamics, local economic policies, and investment in production technologies, which could influence the forecasted growth trajectory of plywood production in Angola.
