Analyzing the historical data for sawnwood production in North America, we observe a steady growth from 2013 through 2018, reaching its peak at 129.6 million cubic meters. However, starting in 2019, production faced a decline, notably by 4.09% in 2019 and again by 3.84% in 2020, likely influenced by economic factors or market demand shifts. The subsequent recovery by 1.89% in 2021 did not prevent another dip in production of 2.35% in 2022.
In 2023, production slightly rebounded by 0.6%, standing at 119.64 million cubic meters. The average variation per year from 2019 to 2023 indicated a negative CAGR of -1.59%, showing a general downward trend. Looking forward, from 2024 to 2028, forecasted data suggests a modest growth with a 5-year forecasted CAGR of 0.44%, leading to a total growth rate of 2.22% by 2028.
Future trends to watch for include potential impacts of sustainability initiatives, technological advancements in production, and fluctuations in housing markets, which could significantly influence sawnwood demand and production levels.
