The coniferous industrial roundwood production in Vietnam is expected to grow consistently from 2024 to 2028. Starting from 1.3268 million cubic meters in 2024, it is forecasted to reach 1.3787 million cubic meters by 2028. Comparing this to the actual value in 2023, which was 1.313 million cubic meters, this signifies an increase. The year-on-year percentage variations are as follows: 2024: +1.05%, 2025: +0.99%, 2026: +0.97%, 2027: +0.96%, 2028: +0.94%. The CAGR over the five-year period is approximately 1.02%.
Future trends to watch for include sustainable forestry practices, government policies impacting production, and global demand for coniferous industrial roundwood. These factors could influence the forecasted growth, either positively or negatively.
