Based on the forecast, Australia's non-coniferous roundwood production is expected to experience a gradual decline over the next five years. The production for 2024 is projected at 14.116 million cubic meters, declining to 13.908 million cubic meters by 2028. In 2023, the production stood at 14.170 million cubic meters. This translates to a year-on-year decrease of -0.38% and -0.39% in 2024 and 2025 respectively, followed by a steady decline averaging -0.37% annually until 2028. The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is approximately -0.37%.
Future trends to watch for include potential shifts in environmental policies, technological advances in forestry, and changes in domestic and international demand for non-coniferous roundwood. Sustainability concerns and alternative materials could also impact production levels. Furthermore, economic factors such as global trade dynamics and market changes may influence future forecasts. Monitoring these factors will be crucial for understanding the long-term outlook of non-coniferous roundwood production in Australia.
