In 2023, Norway's coniferous industrial roundwood production stood at 11.300 million cubic meters. The forecasted data for the years 2024 to 2028 shows a steady increase: 11.389, 11.478, 11.567, 11.654, and 11.741 million cubic meters, respectively. Year-on-year, this represents a consistent growth of approximately 0.9% to 1.0% each year. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 0.97%.
Future trends to watch for include sustainable forestry practices, potential impacts of climate change on growth rates, and market demand fluctuations. Additionally, advancements in forestry technology and changes in wood consumption patterns could significantly influence production levels in the coming years.
