In the entirety of 2023, the production of non-coniferous sawnwood in the Philippines concluded at a volume of 369.68 thousand cubic meters.
Forecasted volumes show a year-on-year decline as follows:
- From 2024 to 2025, a decrease of 1.49%.
- From 2025 to 2026, a decline of 1.50%.
- From 2026 to 2027, a reduction of 1.51%.
- From 2027 to 2028, a decrease of 1.52%.
Over the longer five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) appears to average a decline of 1.51% per year.
Future trends to observe include the impact of deforestation policies and sustainability measures that may either accelerate this decline or stabilize production levels. Additionally, economic conditions affecting the demand for sawnwood products in domestic and international markets will be critical to monitor.
