The data reveals that Mexico's sawnwood production has experienced fluctuations over the past decade. Starting at 2.502 million cubic meters in 2013, production saw varied annual changes, reaching a peak of 3.362 million cubic meters from 2017 to 2019 before a slight decline in 2020. In 2023, the production stood at 3.1158 million cubic meters. Year-on-year variations show notable growth in 2016 and 2017, while 2020 marked a significant drop of 8.48%. The last two years witnessed marginal changes with a 1.26% increase in 2023. The 5-year CAGR up to 2023 was -1.51%, indicating a slight overall decline during this period.
Looking ahead, the projected CAGR from 2024 to 2028 is 0.93%, suggesting a modest growth trend with an estimated total increase of 4.72% by 2028. Factors such as economic conditions, environmental policies, and technological advancements in forestry and logging practices will be crucial for future production.
