Thailand’s industrial roundwood production remained constant at 14.6 million cubic meters from 2013 to 2022. In 2023, production slightly increased to 14.707 million cubic meters, marking a 0.73% year-on-year growth and an average CAGR of 0.15% over the last five years.
Looking ahead, forecasted data predicts a steady rise in production, reaching 15.225 million cubic meters by 2028. This indicates a forecasted 5-year CAGR of 0.55% and a total growth of 2.78% from 2023 to 2028.
Future trends to watch for include:
- Potential impacts of sustainable forestry practices and governmental policies on production levels.
- Adoption of technology in forestry management to boost efficiency and output.
- Global market demand fluctuations affecting Thailand’s export strategies.
- Environmental challenges, including pests and climate change, influencing production stability.