Between 2013 and 2017, Mexico's coniferous sawnwood production experienced modest yet steady growth, peaking substantially in 2017 with a 20.16% year-on-year increase. The production value in 2023 stood at 2.6399 million cubic meters. A plateau phase occurred from 2018 to 2022, marked by stabilization and slight declines, followed by a minor recovery in 2023 with a 1.54% year-on-year increase. Over the last five years, the sector's compound annual growth rate (CAGR) was -1.76%, reflecting this stagnation and slight decline.
Looking ahead from 2024, the forecasted data suggests a gradual upward trend, with the production expected to increase at an average annual rate (CAGR) of 1.01% through 2028, reaching 2.8131 million cubic meters. This suggests moderate recovery and growth potential, although not at the high growth rates seen in earlier years.
Future trends to watch for include:
- Market demand shifts influenced by global economic conditions.
- Changes in forestry management and sustainability practices.
- Technological advancements in sawmilling that could affect production efficiency.
- Potential impacts of trade policies and environmental regulations.
