Australia's industrial roundwood production has experienced a varied trend over the past decade. Notably, production increased significantly between 2013 and 2017, peaking in 2017 at 33.143 million cubic meters. However, from 2018 onwards, there has been a decline, with a sharp drop in 2020 to 29.481 million cubic meters. 2021 and 2022 saw values stabilize around 27.097 million cubic meters, with 2023 slightly increasing to 27.154 million cubic meters.
The year-on-year variations reflect these trends, showing notable growth until 2017, followed by declines, particularly in 2020 and 2021. The five-year CAGR (Compound Annual Growth Rate) as of 2023 stands at -3.87%.
Future forecasted data suggests a marginal upward trend, with a 5-year forecasted CAGR of 0.16% from 2024 to 2028, indicating a relatively stable production volume around 27.21 to 27.428 million cubic meters.
Future trends to watch for include potential impacts of environmental policies, advancements in sustainable forestry practices, and changes in global demand for wood products which could influence production volumes.
