Forecast: Wood Fuel Production in China

The wood fuel production in China has been on a continuous decline from 2013 to 2023, with a yearly decrease ranging from -0.75% to -1.87%. By 2023, the production stood at 154.71 million cubic meters. During this period, the highest year-on-year decrease was in 2016 and 2017, at -1.87%. Over the last two years, production decreased by 0.71% annually, showing a relatively slower decline.

Forecasts for the future indicate a continued downward trend with an anticipated CAGR of -0.56% over the next five years until 2028. This suggests a growth rate decrease of approximately -2.76% by 2028.

Future trends to watch for include:

  • Increased adoption of alternative energy sources, potentially further reducing the demand for wood fuel.
  • Potential policy changes towards more sustainable forestry practices affecting production.
  • Technological advancements in bioenergy that might influence production volumes positively or negatively.
  • Shifts in domestic and global energy markets and their impacts on wood fuel demand and production.

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