The production of wood residues in South Africa has followed an upward trend from 2013 to 2023. Starting at 410.69 thousand cubic meters in 2013, it has increased to 659.76 thousand cubic meters by 2023. Notably, production experienced significant growth spurts in 2017 and 2020, with year-on-year increases of 16.07% and 24.42% respectively. Over the last five years, the CAGR stands at 4.63%, indicating steady growth. Since 2023, future forecasts predict a more moderated increase with a 5-year CAGR of 0.53%, projecting production to reach 682.24 thousand cubic meters by 2028.

Future trends to watch for:

Sustainable and eco-friendly production practices influencing industry standards.
Technological advancements in wood processing impacting efficiency and output.
Regulatory changes related to environmental policies affecting production.