Forecast: Coniferous Sawnwood Production in Nigeria

The production of Coniferous Sawnwood in Nigeria remained stable from 2013 to 2022 with a consistent level of 2.0 thousand cubic meters annually. However, in 2023, there was a slight decrease to 1.95 thousand cubic meters, representing a -2.7% year-on-year change. As of 2024, the forecasted data indicates a continued decline, with an expected average annual decrease (CAGR) of -2.23% over the next five years, resulting in a total reduction of approximately -10.67% by 2028.

Key future trends to watch for include:

  • The impact of deforestation policies on production.
  • Changes in domestic and international demand for coniferous sawnwood.
  • Technological advancements in wood processing that could influence production efficiency.
  • Environmental sustainability practices and their influence on the forestry sector.

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