The industrial roundwood production in Nigeria exhibited stagnation from 2015 to 2022, maintaining a constant level of 10.022 million cubic meters. In 2023, there was a slight increase to 10.12 million cubic meters, representing a year-on-year growth of 0.98%. From 2019 to 2023, the compound annual growth rate (CAGR) stood at 0.19%. Forecasts for 2024-2028 suggest a gradual increase, with the production expected to reach 10.341 million cubic meters by 2028, reflecting a five-year CAGR of 0.34% and an overall growth rate of 1.73% over this period.

Future trends to watch for include:

Potential for sustainable forestry practices influencing production volumes.
Impact of government policies and international trade agreements on the forestry sector.
Technological advancements in logging and wood processing.