From 2013 to 2023, the production of wood chips, wood particles, and wood residues in Mexico has experienced steady growth. In 2023, the production volume stood at 496.33 thousand cubic meters, showing a year-on-year increase of 10.54%. Notably, a significant spike occurred in 2018, with an increase of 68.8% from the previous year. Between 2018 to 2023, the compound annual growth rate (CAGR) was 2.02%. The historical data from 2014 to 2022 indicates periods of stagnation interspersed with substantial leaps forward, notably in 2018.
Future trends to watch for:
- A projected 5-year CAGR of 3.41% suggests moderate, stable growth up to 2028.
- The expected 5-year growth rate at 18.24% points to continued expansion in this sector.
- Pay attention to potential influencing factors like shifts in demand, environmental policies, and technological advancements in wood processing.
