The production of wood-based panels in Brazil has experienced fluctuation over the years. Actual production data from 2013 to 2023 reveal some key trends. In 2013, production grew by 5.03%, but saw a decline of 1.65% in 2014 and a more significant drop of 5.15% in 2015. Despite these declines, production rebounded and peaked at 12.206 million cubic meters in 2018, marking a 10.1% year-on-year increase, followed by a minor decline in 2019. The year 2020 showed a 7.33% increase, while 2021 saw modest growth of 2.5%. However, a slight decline of 1.94% occurred in 2022, with 2023 seeing a recovery of 2.25%, standing at 13.41 million cubic meters.
Over the last two years, the wood-based panels sector has shown minor fluctuations. A significant average annual growth rate (CAGR) was registered at 3.42% over the last five years. Forecast data from 2024 to 2028 suggest steady growth with an average CAGR of 1.6% and an overall increase of 8.24% by 2028.
Future trends to watch for include:
• Potential market shifts due to environmental regulations impacting wood panel production.
• Technological advancements in manufacturing processes, fostering efficient production.
• Expansion of emerging markets demanding higher wood panel outputs.
