The production of wood chips, wood particles, and wood residues in the US reached 61.673 million cubic meters in 2023, showing a minor decline of 0.95% from 2022. Over the past five years, the average annual variation (CAGR) was around 0.52%, indicating a generally stagnant trend. Over the entire period from 2013 to 2023, production displayed both peaks and troughs with notable downturns observed in 2017 and 2020.
Future trends indicate a continuous decline in production, with forecasts showing an average annual reduction of 0.74% over the next five years, and an estimated total decrease of 3.65% by 2028. Specific future trends to watch for include:
- Impact of environmental policies and sustainability initiatives on wood residue production.
- Technological advancements in wood processing and recycling efficiency.
- Fluctuations in demand driven by the construction and paper industries.
- Potential shifts in global market dynamics and trade agreements affecting wood export and import.
