The actual import volume of sawnwood to South Africa was 313.61 thousand cubic meters in 2023. Over the past decade, imports demonstrated significant fluctuations, with periods of both dramatic decline and recovery. Notably, between 2016 and 2017, there was a sharp increase of 43.7% followed by another substantial increase of 47.24% in 2019. However, from 2021 to 2023, the variation remained relatively stable, showing minimal shifts around the 320 thousand cubic meters mark.
The 5-year CAGR from 2018 to 2023 is 7.73%, indicating an overall positive growth trend during this period. Looking forward, the forecasted data from 2024 to 2028 suggests a slight annual decrease with a CAGR of -0.54%, stabilizing imports at around 303.23 thousand cubic meters by 2028, reflecting a minor 2.65% decline over this period.
Future trends to watch for include potential impacts from economic instability and changes in domestic production capacity. Market demand shifts driven by construction sector developments and international trade policies may further influence the import volumes of sawnwood to South Africa.
