The production of wood chips, wood particles, and wood residues in Chile experienced fluctuations over the past decade. After a period of growth from 2013 to 2018, production peaked at 14.626 million cubic meters in 2018. However, subsequent years saw declines, bottoming out at 12.127 million cubic meters in 2021 and 2022. In 2023, production slightly rebounded to 12.377 million cubic meters. Year-on-year variations indicate considerable volatility, with significant drops in 2019 (-7.59%) and 2020 (-6.71%), followed by minor recoveries in the last two years. The compound annual growth rate (CAGR) over the past five years was negative (-3.28%).
Looking forward, forecasts predict a gradual recovery with a 5-year CAGR of 1.48%, reaching 13.583 million cubic meters by 2028, representing a forecasted growth rate of 7.6% over the next five years. Monitoring future trends, it is crucial to consider:
- Environmental policies and their impacts on production practices.
- Global demand for wood products influencing production levels.
- Technological advancements in wood processing.
- Economic factors affecting the forestry industry in Chile.
