Kenya's non-coniferous industrial roundwood production has seen stability from 2013 to 2019, consistently recorded at 471 thousand cubic meters. A notable decline was observed in 2020, dropping to 439 thousand cubic meters, a 6.79% decrease. The production value remained unchanged from 2020 to 2022. However, in 2023, a slight increase of 1.62% brought production up to 446.09 thousand cubic meters.
The forecast predicts a progressive increase in production, reaching up to 477.8 thousand cubic meters by 2028. The Compound Annual Growth Rate (CAGR) for the 2023-2028 period is projected to be at 1.09%.
Future Trends to Watch For:
- Sustainability initiatives and forest management policies influencing production levels.
- Technological advancements in forestry and roundwood harvesting.
- Market demand fluctuations and economic factors impacting the forestry sector.