Non-Coniferous Sawnwood production in Mexico has exhibited consistent growth over the last decade, with notable increases between 2015 and 2017 reaching a steady plateau from 2018 to 2022 at 477,000 cubic meters. In 2023, production slightly increased to 481.23 thousand cubic meters, showing a year-on-year growth rate of 0.89%. The Compound Annual Growth Rate (CAGR) over the last five years stands at a modest 0.18%.
Looking forward, the forecasted production for the next five years up to 2028 suggests a continuously slow growth trend, with an estimated 0.46% CAGR and a 2.31% overall growth rate by 2028, indicative of limited but steady expansion in the sector.
- The significant rise in production from 2015 to 2017 reflected a robust phase of expansion.
- The stabilization from 2018 to 2022 indicates a period of sustained efficiency and consistent market demand.
- The minor increase in 2023 and modest forecast growth up to 2028 demonstrates conservative but positive market expectations.
In the future, trends to watch for include technological advancements in sawnwood processing, evolving environmental regulations, and global market demand changes, which could impact production outputs and drive further efficiency in the industry.
