The plywood production in Thailand has shown notable stability, standing at 120.0 thousand cubic meters from 2013 to 2022, with an exceptional surge in 2015. In 2023, production slightly increased to 124.65 thousand cubic meters, a 3.87% year-on-year increase. The five-year compound annual growth rate (CAGR) for the period ending 2023 is 0.76%, indicating a gradual increase.

Looking forward, the forecast period from 2024 to 2028 projects a steady growth rate, with the five-year CAGR anticipated to be 1.31%. Plywood production is expected to rise, reaching 135.32 thousand cubic meters by 2028, an overall growth of 6.7% compared to 2023.

Future trends to watch include: