Between 2013 and 2017, the market showed a declining trend, with a notable downturn in 2017. From 2018 to 2020, the market stabilized and started recovering, as indicated by an annual growth increasing from 2019 onwards. The most recent data reveals robust growth, with a 5.62% increase in 2023 and a forecasted CAGR of 3.63% over the next five years, leading to a forecasted market volume of 7.3487 million kilograms by 2028.
Future trends to watch include technological advancements in polishing products, increasing awareness of wood preservation, and potential impacts from environmental regulations. These factors may further drive growth and innovation in the market.
