In 2023, Malaysia's wood products exports to Taiwan stood at 74 million US dollars. The forecasted data from 2024 to 2028 shows a significant declining trend. Year-on-year, the exports are expected to decrease as follows: -13.2% in 2025, -15.4% in 2026, -17.7% in 2027, and -21.2% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is predicted to be -17.6%.
Future trends to watch for include potential shifts in Taiwan's import policies, increasing competition from other wood-exporting countries, technological advancements in timber processing, and sustainability trends that could impact both supply and demand dynamics. Monitoring these factors will be crucial for anticipating further changes in the market.
