The production of wood chips, wood particles, and wood residues in Zambia has shown significant growth over the past decade. Having remained stagnant at 67.0 thousand cubic meters from 2013 to 2016, the production nearly doubled to 126.0 thousand cubic meters in 2017. This growth trend continued, reaching 201.0 thousand cubic meters by 2018, and maintaining this level until 2023 when it slightly increased to 209.66 thousand cubic meters. As for 2023, the year-on-year growth marked 4.31%.
Looking ahead, the forecasted data indicates a steady increase, reaching 251.46 thousand cubic meters by 2028. The projected Compound Annual Growth Rate (CAGR) for the next five years (from 2024 to 2028) is 2.88%, with an overall growth rate of 15.25% over this period.
Future trends to watch for include:
- Technological advancements in wood processing which may enhance production efficiency and output.
- Environmental regulations and their impact on sustainable forestry practices.
- Market demand shifts for wood products domestically and internationally.
- Investment in infrastructure and logistics to support expanded production volumes.
