The production of wood chips, wood particles, and wood residues in Asia demonstrated a fluctuating trend from 2013 to 2023. It started at 175.79 million cubic meters in 2013 and decreased slightly to 171.69 million cubic meters by 2015. From 2016 onward, the production showed a generally increasing trend, peaking at 196.35 million cubic meters in 2023. The year-on-year changes highlight considerable variability, with notable increases in 2018 and 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years leading up to 2023 was 0.057%, indicating slow but steady growth.

Future trends to watch for:

Production is expected to continue rising, reaching 222.87 million cubic meters by 2028.
The forecasted 5-year CAGR from 2024 to 2028 is 2.01%.
The overall growth rate over the next five years is projected to be 10.46%.