Wood fuel production in Indonesia has been steadily declining over the past decade. In 2023, the production stood at 35.962 million cubic meters. The year-on-year variation for 2023 was -2.48%, and the Compound Annual Growth Rate (CAGR) over the last 5 years was -3.18%. The trend indicates a consistent decrease since 2013, with significant declines observed each year.
Future forecasts indicate that this declining trend will continue, with the production expected to fall to 31.713 million cubic meters by 2028. The forecasted 5-year CAGR is -1.99%, reflecting a projected 9.58% decrease over the period.
Trends to watch for in the future include the impact of environmental policies, advancements in alternative energy sources, and shifts in domestic and global demand for wood fuel.
