The non-coniferous sawnwood production in Vietnam is expected to increase steadily over the next five years. In 2023, the production value stood at 5.5 million cubic meters. From 2024 to 2028, the forecasted production values are 5.613, 5.6787, 5.7438, 5.8083, and 5.8721 million cubic meters respectively.
Year-on-year variations indicate a consistent increase in production:
- 2024: +2.05%
- 2025: +1.17%
- 2026: +1.15%
- 2027: +1.12%
- 2028: +1.10%
Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 1.32%.
Future trends to watch for include the impact of global demand for sustainable wood products, advancements in forestry management practices, and potential regulatory changes affecting the forestry sector in Vietnam. Monitoring these factors will be crucial in predicting future production trends accurately.
