Malaysia's sawnwood production has experienced a persistent decline from 2013 to 2023, decreasing from 4.758 million cubic meters in 2013 to 1.7781 million cubic meters in 2023. The year-on-year variation in the last two years showed a downturn of 8.12% in 2023 and no change in 2022. The five-year CAGR indicates an average annual decline of approximately 12.36% from 2019 to 2023. The forecasted data suggest a continued reduction, with a projected sawnwood production of 1.02 million cubic meters by 2028, reflecting a forecasted five-year CAGR of -8.88%.
Future trends to watch for include the potential impact of sustainability initiatives and technological advancements in the timber industry, which could influence both production efficiencies and market demand. Additionally, government policies and global market dynamics regarding timber trade will play a crucial role in shaping the future trajectory of Malaysia's sawnwood production.
