In 2024, the forecasted production of coniferous roundwood in China is anticipated to be 89.074 million cubic meters. This marks a decline from the actual figure for 2023, which stood at 90.45 million cubic meters. Over the following years, production is expected to continue a downward trend, reaching 83.72 million cubic meters by 2028. This decrease signifies a consistent year-on-year decline in production. Specifically, between 2024 and 2025, the drop is forecasted at 1.53%, between 2025 and 2026 at 1.53%, between 2026 and 2027 at 1.55%, and between 2027 and 2028 at 1.55%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is expected to be approximately -1.54%.
Regarding future trends to consider, potential factors to monitor include government policies on forest conservation, changes in land use, shifts in domestic and international demand for coniferous roundwood, and advancements in sustainable forestry practices. Climate change impacts and technological advancements in wood processing and alternative materials might also significantly influence production trends.
