The production of wood chips, wood particles, and wood residues in Kenya remained stable between 2013 and 2019 at 36.0 thousand cubic meters. A decline occurred from 2020 to 2022, reaching 34.0 thousand cubic meters due to a 5.56% year-on-year decrease in 2020. Production slightly recovered to 36.11 thousand cubic meters in 2023, marking a 6.2% year-on-year increase, with a negligible CAGR of 0.06% over the past five years up to 2023.
The forecasted data from 2024 shows a progressive increase, with a compound annual growth rate (CAGR) of 3.92%, expected to achieve 46.29 thousand cubic meters by 2028. Overall, this signifies a 21.22% growth rate over the next five years.
Future trends to watch for include:
- Enhanced sustainability practices influencing production efficiency.
- Increasing demand for renewable resources due to environmental policies.
- Technological advancements in wood processing and recycling.
- Potential impacts of global economic conditions on production scalability.
