The historical data of Australia's plywood production shows a period of stability from 2013 to 2016, after which it experienced a noticeable increase in 2017, peaking in 2020 at 176.0 thousand cubic meters. However, 2023 saw a slight decline to 175.18 thousand cubic meters, followed by an anticipated gradual decline through 2028. The overall compound annual growth rate (CAGR) from 2019 to 2023 was modest at 0.52%.
Notably, year-on-year variations indicate minimal fluctuations with occasional increases, such as in 2017 and 2020. From 2023, the trend shifts to a downward pattern with a forecasted decline rate averaging -0.24% CAGR up to 2028.
Future trends to watch for:
- Environmental regulations impacting production techniques
- Technological advancements in plywood manufacturing
- Changes in domestic and international demand
- Supply chain disruptions and raw material availability
