Wood-based panels production in Africa showed a steady growth from 2013 to 2023, increasing from 1.9503 million cubic meters to 3.1332 million cubic meters, marking an annual increase rate of 2.25% over the last five years. In recent years, from 2022 to 2023, the production grew by 1.27%, reflecting a stabilizing trend.
Future trends to consider:
- The forecast for the next five years indicates a moderate growth with a CAGR of 0.96%.
- There's an expected overall growth rate of 4.9% by 2028, suggesting a steady but slower growth trajectory.
