Forecast: Non-Coniferous Sawnwood Production in Angola

In 2023, Angola's non-coniferous sawnwood production reached approximately 48.91 thousand cubic meters, reflecting an 8.68% year-on-year increase from 2022. Over the last two years, the sector showed an overall upward trend with a 50% rise in 2021, followed by a stable production level in 2022, and an 8.68% increase in 2023. Analyzing the data from 2013 to 2023, the compound annual growth rate (CAGR) stands at 19.58%, indicating robust growth over the decade.

Looking forward to the forecasted period up to 2028, production is expected to continue growing, with a forecasted CAGR of 4.75%. By 2028, the production is projected to reach 66.11 thousand cubic meters, representing a cumulative growth of 26.12% from 2023 levels.

Future trends to watch for:

  • Potential impacts of policy changes or economic developments within Angola.
  • Technological advancements and their effect on production efficiency.
  • Shifts in global demand for non-coniferous sawnwood and its influence on production volumes.
  • Environmental sustainability practices and regulations affecting the timber industry.

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