Thailand's non-coniferous roundwood production stood at 33.059 million cubic meters in 2023. Historically, production exhibited a declining trend from 2013 to 2022, with a notable change in 2023 where a slight increase of 0.52% was observed. The compound annual growth rate (CAGR) over the last 5 years leading into 2023 was -0.034%, indicating a minor deceleration in decline.
Forecast data suggest a recovery, with anticipated growth reaching 33.892 million cubic meters in 2028. The forecasted 5-year CAGR is 0.4%, with an overall growth rate of 1.99% from 2024 onwards.
Future trends to watch:
- Increased focus on sustainable forestry practices and their impact on production.
- Potential influence of global demand for timber and regulatory changes within the industry.
- Technological advancements in logging practices potentially boosting efficiency.