Non-coniferous wood fuel production in Malaysia showed a declining trend from 2013 to 2023, marking a year-on-year decrease of approximately 1.73% in 2013, gradually improving to a steadier rate of -1.66% in 2023. From actual values in 2023, production stood at 2.3079 million cubic meters. The compound annual growth rate (CAGR) over the last 5 years leading to 2023 was -1.23%, indicating a consistent downward trend.
Forecasted data predicts a further decline through 2028, with an expected 5-year CAGR of -1.36%, leading to a total reduction of about 6.6% by 2028 to 2.1197 million cubic meters.
Future Trends to Watch For:
- Increased focus on sustainable energy practices and policies that might impact wood fuel production.
- Potential shifts in domestic and international demand for renewable energy could influence production levels.
- Technological advancements in alternative fuels that could reduce reliance on wood fuel.
- Environmental regulations and their enforcement could play a significant role in shaping future production volumes.