The production of pulpwood, round and split in Malaysia remained stable at 703.0 thousand cubic meters from 2013 to 2017. In 2018, it saw a significant spike to 1723.7 thousand cubic meters, a dramatic 145.19% year-on-year increase with a CAGR of 19.65% over the previous five years. This spike, however, was followed by a slight decline of 3.44% in 2019, stabilizing at 1664.3 thousand cubic meters from 2020 to 2022. The year 2023 saw a marginal increase to 1664.5 thousand cubic meters, indicating a near-zero growth rate. The forecast data from 2024 to 2028 predicts a minimal increase, with production reaching 1665.6 thousand cubic meters by 2028, indicating a very slight average yearly increase.
Future trends to watch:
- Consider environmental policies impacting timber and related industries.
- Technological advancements in pulp and paper production could influence output.
- Market demand fluctuations due to global economic changes and digitalization trends.