In 2023, Roundwood production in the US stood at 463 million cubic meters. From 2024 to 2028, the forecasted production figures are showing a consistent year-on-year increase. Specifically, the values for the years are 466.04 million cubic meters in 2024, escalating to 480.16 million cubic meters by 2028. This represents an annual percentage increase as follows:
- 2024: 0.66%
- 2025: 0.77%
- 2026: 0.75%
- 2027: 0.74%
- 2028: 0.73%
Over the last two years, the average annual growth rate (CAGR) of Roundwood production is 0.79%. The steady upward trend reflects a stable growth trajectory in the industry.
Future trends to watch for include changes in environmental regulations, technological advancements in forestry practices, and shifts in demand driven by the construction and paper industries. Staying vigilant to these factors will be crucial for identifying potential impacts on production volumes.
