The production of non-coniferous industrial roundwood in Vietnam has shown notable variability from 2013 to 2023. In 2023, production stood at 36.661 million cubic meters, up 1.74% from the previous year. Over the past decade, production exhibited a mix of growth spurts and declines, with significant yearly variations such as a 10.76% increase in 2018 and a 4.61% drop in 2016. Between 2018 and 2023, the Compound Annual Growth Rate (CAGR) was relatively flat at 0.34%.
Looking ahead, forecasted data suggests a continuing upward trend, with production expected to reach 39.678 million cubic meters by 2028. The annual growth rate is anticipated to stabilize, with a forecasted 5-year CAGR of 1.26%, which projects a 6.44% growth rate from 2023 to 2028.
Future trends to watch:
- Potential shifts in global and local demand for non-coniferous roundwood
- Environmental and regulatory changes impacting production practices
- Technological advancements in wood processing and forestry management
