The production of coniferous sawnwood in South Korea experienced a varied trend from 2013 to 2023. Starting at 2.24 million cubic meters in 2013, it reached a peak in 2014, then gradually declined to 1.837 million cubic meters in 2020. The year 2021 saw a slight recovery to 1.883 million cubic meters, remaining stable in 2022, and ending at 1.9236 million cubic meters in 2023. This period featured year-on-year variations with declines dominating, and the last 5-year CAGR indicating an average annual contraction of 0.62%.
However, forecast data from 2024 onwards suggests a moderate recovery, with the production expected to climb to 2.0465 million cubic meters by 2028, reflecting a 5-year CAGR of 0.98% and an overall growth rate of 5.02% for the next five years.
Future trends to watch for:
- Continued moderate growth in production driven by potential increases in domestic demand and export opportunities.
- Impacts of environmental policies and sustainable forestry practices on production volumes.
- Technological advancements in sawnwood processing that could enhance efficiency and output.
