From 2013 to 2023, wood residues production in China has shown considerable fluctuation. The year-on-year changes depict periods of both expansion and contraction, with significant growth in 2018 followed by a stabilization period. Between 2013 and 2023, the production volume grew from 94.0 million cubic meters to 105.39 million cubic meters. Over the last two years (2022 to 2023), the year-on-year variation was 1.34%, reflecting a more steady growth phase. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 is 0.27%, indicating a relatively flat overall trend.
Looking ahead, forecast data from 2024 to 2028 suggest a moderate upward trajectory with an average yearly growth rate of 0.98%. By 2028, production is expected to reach 112.09 million cubic meters, reflecting a forecasted 5% total growth over these five years.
Future trends to watch for:
• Potential impacts of environmental regulations and policies on production practices and volume.
• Technological advancements in processing techniques improving efficiency and yield.
• Global market demand and its influence on production strategies in China.
• Economic factors and their effect on domestic and export markets for wood residues.
