Forecast: Non-Coniferous Sawnwood Production in Australia

Australia's non-coniferous sawnwood production has exhibited considerable fluctuations from 2013 to 2023, starting at 744.0 thousand cubic meters in 2013 and decreasing to 633.51 thousand cubic meters in 2023. Key variations include a significant rise in 2017 by 12.07%, whereas other years exhibited declines, such as 2020's -9.06% and 2023's -4.74%. The Compound Annual Growth Rate (CAGR) over the last five years stood at -2.31%, indicating a downward trend. The production is forecasted to continue its slight decline, evidenced by a forecasted CAGR of -0.12% by 2028.

Future trends to watch for:

  • Technological advancements in wood processing that could impact production efficiency.
  • Global demand changes influencing local production levels.
  • Government policies and sustainability initiatives that might affect the forestry sector.
  • Possible economic shifts that could affect both domestic and international markets.

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