From 2013 to 2018, China's coniferous sawnwood production experienced a robust growth pattern, peaking at 40.233 million cubic meters. Post-2018, this growth plateaued with 2019 and 2020 showing declines, followed by stabilization from 2021 to 2022. In 2023, production slightly decreased to 38.031 million cubic meters. The year-on-year variation reveals an initial strong growth that tapered off to minor fluctuations or stabilization in recent years. The compound annual growth rate (CAGR) mirrored this trend, starting with double-digit growth and steadily diminishing to a negative CAGR by 2023.
Looking forward, forecasted data from 2024 to 2028 predict a slow but steady decrease, with an average annual decline of 0.02%. This indicates a cautious outlook, with minimal changes in production levels. Key future trends to monitor include advancements in sustainable forestry practices, potential government policy shifts impacting the forestry sector, and global demand fluctuations for wood products which could redirect or intensify production trends.
