Vietnam's production of wood chips and wood particles has shown variability over the past decade. In 2023, production stood at 13.82 million cubic meters, recording a modest year-on-year increase of 1.62%. Over the last two years, production saw an average variation of 0.81%, indicative of some stabilization. The compound annual growth rate (CAGR) over the past five years stands at -0.45%, reflecting a recent period of slight decline.

Future trends to watch for:

Forecasted positive growth with a five-year CAGR of 1.18% until 2028.
Expected steady increase, leading to a production level of 14.883 million cubic meters by 2028.
Potential impacts of environmental policies and sustainable forestry practices.