The historical data for wood-based panels production in Mexico displays fluctuating trends, with significant declines in 2014 and 2020. Between 2014 and 2019, production held steady at 1.0426 million cubic meters. A slight decline in 2020 and stabilization through 2022 occurred, but the volume slightly increased to 1.0315 million cubic meters by 2023. Year-on-year, the most recent two years showed a slight increase of 0.65% in 2023, while the 5-year average annual variation (CAGR till 2023) is -0.21%, indicating a slight decline over the past half-decade.
Looking at the forecast data from 2024 to 2028, a gradual increase in production volume is expected, growing from 1.0381 to 1.0639 million cubic meters, with an average annual growth rate (CAGR) of 0.49% over the next five years.
Future trends to monitor include potential impacts of economic policies, changes in domestic demand, technological advancements in production processes, and shifts in trade dynamics that could influence the supply and competitiveness of wood-based panels in Mexico.
