Analyzing the import of coniferous (softwood) lumber to Malaysia reveals significant fluctuations from 2013 to 2023, with a marked increase to 191.77 thousand cubic meters in 2023. Observing recent trends, the year-on-year variation was 10.36% in 2022 and 4.53% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 1.07%, indicating moderate growth.
Key future trends to monitor include:
- Continued growth momentum with a forecasted CAGR of 3.22% through 2028.
- Growth rate projection indicating a 17.17% increase over the next five years.
