In 2024, the production of non-coniferous roundwood in Vietnam is forecasted to be 57.36 million cubic meters. Data from the previous years (2021 to 2023) can establish our baseline for actual output levels, indicating the current trajectory into the forecasted period from 2024 onwards.
The year-on-year variation shows slight increments:
- From 2024 to 2025, an increase of approximately 1.13%.
- From 2025 to 2026, a further rise of about 1.11%.
- From 2026 to 2027, an increase of around 1.09%.
- From 2027 to 2028, an additional growth of approximately 1.07%.
Over the five-year forecast period (2024-2028), the Compound Annual Growth Rate (CAGR) is also consistent, implying a steady increase of non-coniferous roundwood production volumes with marginal increments every year.
Future trends to watch for include:
- Potential shifts in environmental policies affecting sustainability and forestry practices.
- Technological advancements in logging and forest management that could impact production efficiency.
- Global market demands and trade agreements that could influence Vietnam’s roundwood export markets.
