The production of wood residues in the US showed a generally increasing trend between 2013 and 2023, standing at 16.482 million cubic meters in 2023. The period saw a drop in 2020 due to a 13.39% year-on-year decrease, but this was followed by a strong recovery with a 22.92% increase in 2021. The years leading up to 2023 experienced moderate growth, with a 0.53% increase in 2022 and a 0.73% increase in 2023. The average annual growth rate (CAGR) over the last five years was 2.15%.
Future trends indicate a steady but slower growth, with a forecasted 5-year CAGR of 0.61% and an overall growth rate of 3.08% by 2028, reaching 17.125 million cubic meters by that year. Key factors to watch include technological advancements in wood residue processing, shifts in market demand for wood products, and environmental regulations influencing production methods.
