Indonesia's wood-based panels production has displayed varied trends over the past decade. Commencing at 4.396 million cubic meters in 2013, there were steady increases until 2016, followed by a dip in 2017. A significant surge occurred in 2018, with varied fluctuations thereafter, stabilizing around 5.65 million cubic meters in 2021-2022, and reaching 5.8163 million cubic meters in 2023. The year-on-year variation between 2022 and 2023 was 2.94%. Notably, the last five years exhibit a CAGR of roughly 1.05% up to 2023.

Future trends to watch for:

Continual annual increases forecasted through 2028, reflecting a predicted 9.59% growth over five years from 2023.
Expected to reach 6.5349 million cubic meters by 2028, indicating an average growth rate of 1.85% yearly over the next five years.
Attention should be given to potential market uncertainties, policy changes, and environmental considerations impacting production.