The production of non-coniferous industrial roundwood in Chile stood at 14.294 million cubic meters in 2023, showing a slight increase of 1.64% year-on-year. Over the past decade, there has been a general upward trend with notable growth between 2013 and 2018, peaking at 15.536 million cubic meters in 2018. However, from 2019 onwards, the production showed some fluctuations, declining in 2021 and stabilizing in 2022. Despite the minor rise in 2023, the CAGR for the past five years reflects a slight decline at -1.65%.
Looking ahead, forecasts indicate a positive trend with an expected average annual growth rate (CAGR) of 1.19% from 2024 to 2028, culminating in a 6.11% increase overall. Production is projected to reach 15.409 million cubic meters by 2028.
Future trends to watch for:
- Technological advancements in forestry management and wood processing.
- Government policies aimed at promoting sustainable forestry practices.
- Potential changes in global demand for non-coniferous roundwood driven by housing and construction booms.
- Impact of climate change on forestry resources and production capabilities.
