The forecast for Non-Coniferous Industrial Roundwood production in the Philippines shows a gradual decline over the years. In 2023, the production stood at 3.785 million cubic meters. The expected values are 3.7665 million cubic meters for 2024, decreasing by approximately 0.53% year-on-year. In 2025, the forecasted production is 3.7471 million cubic meters, a further 0.52% decline. The trend continues with 3.7279 million cubic meters in 2026 (a 0.51% drop), 3.7089 million cubic meters for 2027 (a 0.51% decrease), and 3.69 million cubic meters in 2028, marking a 0.51% reduction. The compound annual growth rate (CAGR) indicates an average annual decrease of 0.52% over the five-year period from 2023 to 2028.
Future trends to watch for:
- Potential impacts of environmental policies and regulations aimed at sustainable forestry.
- Technological advancements in logging practices that might influence production levels.
- Changes in market demand driven by economic factors or shifts in industry requirements.
