The forecast for pulpwood, round and split production in Nigeria shows a consistent decline from 2024 to 2028. In 2023, the production stood at 21.4 thousand cubic meters. From 2024 to 2025, the year-on-year variation is a decrease of approximately 2.6%. From 2025 to 2026, the drop is about 2.6%, followed by a decrease of around 2.7% from 2026 to 2027, and approximately 2.7% from 2027 to 2028. Overall, the compound annual growth rate (CAGR) over these five years is an average decline of about 2.8% per year.
Future trends to watch for include potential impacts of environmental regulations, shifts in global demand for pulpwood, advancements in sustainable forestry practices, and potential governmental policies aimed at boosting the forestry sector. Furthermore, technological innovations in pulpwood processing and production could influence output levels, either stabilizing or further altering the current downward trend.
