The forecast for imports of logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood to Italy shows an upward trend from 2024 to 2028. In 2023, actual imports stood at lower volumes compared to the forecasted values, marking a continual growth each year. From 2024 (36.08) to 2028 (40.11) thousands cubic meters, the growth percentage reflects steady increments.
- 2024: 36.08 thousand cubic meters
- 2025: 3% increase to 37.12 thousand cubic meters
- 2026: 2.74% increase to 38.14 thousand cubic meters
- 2027: 2.59% increase to 39.13 thousand cubic meters
- 2028: 2.51% increase to 40.11 thousand cubic meters
Over the five years from 2024 to 2028, the Compound Annual Growth Rate (CAGR) trends towards a steady increase, underscoring robust expansion expectations in this sector. Future trends to watch for include potential shifts in demand for tropical woods driven by sustainability considerations, changes in supply chains, and evolving regulations affecting imports.
