The production of wood chips, particles, and residues in North America demonstrated fluctuating trends from 2013 to 2023. The production volume peaked around 2016 and then started a downward trend with occasional minor recoveries. From 2013 to 2023, there were sharp declines, particularly from 2017 onwards, leading to a marked decrease in 2023 to 79.194 million cubic meters, a year-on-year drop of 6.53%. The five-year CAGR indicates an average annual decline of 1.5% over the past five years up to 2023.
Future trends to watch for include:
- Further decline in production is expected with forecasted values showing continuous decrease.
- Projected five-year CAGR through 2028 is -3.22%, indicating an ongoing reduction in production volume.
- Harvesting practices, regulatory changes, and shifts in demand could influence the production trajectory.
