In 2023, the production of coniferous roundwood in Ghana stood at an actual value, while the forecasted data for the subsequent years show a steady increase. Specifically, the data forecasts production levels of 69.9 thousand cubic meters in 2024, 72.2 thousand cubic meters in 2025, 74.47 thousand cubic meters in 2026, 76.73 thousand cubic meters in 2027, and 78.96 thousand cubic meters in 2028. The year-on-year increases indicate a consistent upward trend with the following variations:
• 2024-2025: +3.3%
• 2025-2026: +3.1%
• 2026-2027: +3.0%
• 2027-2028: +2.9%
Over the last two years, the average annual growth rate (CAGR) reflects a significant positive trend in the coniferous roundwood production sector in Ghana.
Future trends to watch for:• Sustainable forestry practices which could impact production levels.• Climate change and its effect on forest growth and health.• Government policies and international trade agreements influencing the timber industry.
