The production of pulpwood, round and split in Vietnam has shown fluctuations over the past decade. From 2013 to 2023, the volume increased from 16.25 million cubic meters to 20.869 million cubic meters. Significant growth was observed in 2018 with a year-on-year increase of 20.9%. However, the production remained stable without growth from 2019 to 2022. In 2023, there was a modest increase of 3.06%.
Key trends:
- From 2018 to 2023, the compound annual growth rate (CAGR) was 3.87%.
- The greatest increase occurred in 2018, with a year-on-year rise of 20.9%.
- Stability period from 2019 to 2022 with no year-on-year change.
- Post-2022, there is a forecasted steady increase, reaching 23.858 million cubic meters by 2028.
- Forecasted 5-year CAGR (2024-2028) is 2.12%, with an estimated growth rate of 11.08% by 2028.
Future trends to watch for: As the forecast data suggests steady growth up until 2028, it will be crucial to monitor external factors such as global demand for pulp products, sustainability practices, and potential impacts of climate change on forestry resources which could influence production capabilities.
