Wood residues production in North America has shown a varied trend over the past decade. In 2023, production stood at 25.409 million cubic meters, reflecting a small but consistent increase. The period from 2013 to 2023 saw fluctuations with notable drops in 2020 but substantial recovery reaching a 13.78% increase in 2021. The compound annual growth rate (CAGR) for the five years leading to 2023 averaged 1.5%, indicating steady if moderate growth.
Looking ahead, growth is expected to continue albeit at a slower pace. Forecasts for 2028 predict a production level of 26.724 million cubic meters, with an anticipated 0.8% CAGR over the next five years, indicating a gradual increase in wood residues production.
Future trends to watch for include:
- Technological advancements in wood processing improving residue recovery rates
- Regulatory changes impacting sustainable practices and residue management
- Market demand for bioenergy and other wood residue applications
