The production of Coniferous Industrial Roundwood in Malaysia has experienced a significant decline from 180.0 thousand cubic meters in 2013 to 22.49 thousand cubic meters by 2022. The CAGR over the period from 2013 to 2022 was -34.03%, indicating a sharp downward trend. Stability began in 2018 with production values constant at 22.49 thousand cubic meters until reaching a slight increase to 23.42 thousand cubic meters in 2023. This stability marked a break from the severe downturn, as evidenced by the 4.14% year-on-year rise in 2023.
Forecasted data from 2024 to 2028 suggests a gradual recovery, with expected production reaching 27.91 thousand cubic meters in 2028, reflecting a forecasted 5-year CAGR of 2.78% and an overall forecasted growth of 14.68%. This growth indicates a stabilization and future positive trend in production volumes.
Future trends to watch for include:
- Potential impacts of economic and policy changes on production capabilities.
- Trends in global demand for coniferous industrial roundwood, particularly from major markets such as China and Japan.
- The role of technological advancements in forestry and production processes for efficiency improvement.
- Environmental and sustainability regulations that may impact production practices and volumes.