In 2023, the production of non-coniferous pulpwood, round and split, in Australia was at 8.279 million cubic meters. Examining historical data reveals strong growth from 2013 to 2017, reaching a peak in 2017 with a slight decline in production thereafter. The most significant drop occurred between 2019 and 2021, with a notable decrease during the COVID-19 pandemic. This declining trend stabilized and showed slight growth toward 2023.
Observing percentage changes year-on-year:
- 2019-2020: -24.45%- 2020-2021: -17.68%- 2021-2022: 0%- 2022-2023: 3.08%
On a 5-year annual growth average (CAGR), the rate was -8.11% up to 2023. From 2024 to 2028, the forecast shows a positive annual growth average (CAGR) of 2.14%, expected to reach a total 5-year growth of 11.15% by 2028.
Future trends to watch include potential recovery in the pulpwood market, driven by the industry's adaptation to post-pandemic realities and global demand fluctuations. Sustainability initiatives and technological advancements in forestry and pulp production could also influence the upward trend. Close attention should be paid to environmental regulations and import-export changes in major markets.
