Sawnwood production in Indonesia experienced stability between 2013 and 2017, with a consistent output of 4.169 million cubic meters each year. However, production saw a sharp decline in 2018 to 2.6947 million cubic meters, continuing with minor fluctuations to 2023, where it stood at 2.5717 million cubic meters. Year-over-year changes indicate significant variability, including a drastic decrease of 35.36% in 2018, followed by smaller fluctuations with a slight downward trend observed in recent years.
The short-term trend from 2021 to 2023 shows a decline in production with a -0.2% change from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) is -0.93%, signaling a gentle yet consistent shrinkage in production volume.
Looking ahead, the forecast from 2024 to 2028 suggests a continued decline, albeit marginal, with a forecasted 5-year CAGR of -0.15% and an overall reduction in production volume by 0.76% over this period.
Future Trends to Watch for:
- Market demand and price shifts for sawnwood materials.
- Government regulations affecting logging and forestry practices.
- Advancements in sustainable and alternative materials impacting sawnwood demand.
- Environmental policies and global trade agreements.
