From 2013 to 2014, wood chips and wood particles production in Mexico remained stable at 254.0 thousand cubic meters. There was a slight increase in 2015 by 4.72%, reaching 266.0 thousand cubic meters, a level that persisted until 2017. A significant surge of 68.8% occurred in 2018, elevating production to 449.0 thousand cubic meters, where it stayed constant through 2022. In 2023, production rose by 10.54% to 496.33 thousand cubic meters. The five-year CAGR from 2018 to 2023 was 2.02%. Forecasts indicate a continual upward trend, with production projected to grow to 615.62 thousand cubic meters by 2028, reflecting a forecasted five-year CAGR of 3.41% and an 18.24% growth rate.
Future trends to watch for include:
- Technological advancements in wood processing that could increase efficiency and output.
- Environmental policies and regulations that may affect production practices and volumes.
- Market demand trends for wood products both domestically and internationally.