In 2023, the production of non-coniferous wood fuel in the Philippines stood at approximately 11.081 million cubic meters. The forecasted data from 2024 to 2028 indicates a gradual decline in production volumes. Year-on-year percentage variations are as follows:
• 2024: 0.7% decrease
• 2025: 0.7% decrease
• 2026: 0.8% decrease
• 2027: 0.6% decrease
• 2028: 0.7% decrease
The compound annual growth rate (CAGR) over the last five years shows an average annual decrease of approximately 0.72%.
Future trends to watch for include potential changes in government policies promoting sustainable wood fuel production, technological advancements in wood processing, and shifts in demand due to alternative energy sources gaining popularity. Additionally, environmental factors such as deforestation rates and climate change impacts could further influence production trends.
