The production of sawnwood in India has seen significant fluctuations over the past decade. Starting at 6.889 million cubic meters from 2013 to 2015, there was a dramatic rise in 2016 to 25.92 million cubic meters. Following this spike, production slightly decreased over the next few years, stabilizing around 23.975 million cubic meters from 2019 to 2022. In 2023, production saw a minor increase to 24.164 million cubic meters.
Year-on-year variations included:
- 2021: 0%
- 2022: 0%
- 2023: +0.79%
The CAGR analysis reveals the following averages:
- Last 5 years: 0.44%
- Forecasted 5-year CAGR: 0.49%
Future trends to watch for include:
- Gradual increase in production, reaching 24.922 million cubic meters by 2028.
- Emergence of sustainable forestry practices impacting production volumes.
- Potential market effects from policy changes and environmental regulations.
