Indonesia's industrial roundwood production experienced consistent growth from 2013 to 2023, starting at 74.041 million cubic meters up to 90.195 million cubic meters in 2023. Between 2013 and 2017, production remained flat. A significant increase began in 2018, with a notable jump of 9.1%, and further steady annual growth led to year-on-year increases such as 3.18% in 2019, 3.99% in 2020, and 2.2% in 2021. The compound annual growth rate (CAGR) for the last five years stands at 2.23%. Looking into the forecast up to 2028, the expected CAGR is 1.15%, indicating a more tempered growth rate.
Future trends to monitor:
- Economic and industrial developments influencing wood demand.
- Environmental policies impacting sustainable forestry practices.
- Technological advancements in wood production methods.
- Global market fluctuations affecting export prices and volumes.
