The production of wood chips and wood particles in Chile has seen varied trends over the past years. From 2013 to 2023, production reached its peak in 2018 at 12.71 million cubic meters, followed by a decline until 2021. A slight recovery was noticed in 2023 with an increase of 2.45% year-on-year, bringing the production volume to 10.461 million cubic meters.
Key trends include:
- Significant growth from 2016 to 2018 with a notable spike of 13.97% in 2016.
- A decline phase from 2019 to 2022, with production dropping by 8.74% in 2019 and remaining low through 2022.
- A modest recovery commenced in 2023.
The forecast indicates a steady growth with a 5-year CAGR of 1.73%, and the production is projected to reach 11.667 million cubic meters by 2028, reflecting an overall 8.97% growth from 2023 levels.
Future trends to watch for include potential impacts from environmental regulations, shifts in global demand for sustainable materials, and innovations in wood processing technology. These factors could influence production volumes and market dynamics significantly.
