Kenya's plywood production remained stable from 2013 to 2022, consistently at 66,000 cubic meters annually. In 2023, production saw a slight increase to 67,550 cubic meters, representing a year-on-year growth of 2.35%. This increment leads to a compound annual growth rate (CAGR) of 0.47% over the last five years. Forecasted data show a continuous upward trend, with production expected to reach 72,530 cubic meters by 2028. The forecasted five-year CAGR is 1.13%, indicating a steady annual growth rate of approximately 5.78% over the forecast period.
Future trends to watch for:
- Increasing domestic and international demand for sustainable building materials.- Potential investments in production technology and capacity to enhance efficiency.- Policy changes affecting forestry management and resource availability.- Economic factors influencing the construction industry and downstream plywood demand.- Climate change impacts and their implications on raw material supply.
