Between 2013 and 2019, the production of wood residues in Turkey remained stable at 850.0 thousand cubic meters per year. In 2020, there was a noticeable decline to 830.0 thousand cubic meters, a year-on-year decrease of 2.35%. However, this was followed by a recovery trend: 842.46 thousand cubic meters in 2021 (a 1.5% increase), 849.79 thousand cubic meters in 2022 (up by 0.87%), and reaching 857.04 thousand cubic meters in 2023, increasing by 0.85% year-on-year.
Looking ahead from 2024 to 2028, production is forecasted to grow steadily, from 864.22 thousand cubic meters to 892.24 thousand cubic meters. This represents a forecasted 5-year CAGR of 0.64% and an overall growth rate of 3.24% over this period.
Future trends to watch for include:
- Potential impacts of technological advancements on wood residue processing
- Government policies or regulations that may affect the forestry and wood production industries
- Market demand fluctuations for wood residues in domestic and international markets