The production of coniferous sawnwood in the US has seen varied growth over the past decade. Starting from 51.051 million cubic meters in 2013, production steadily increased, reaching 64.207 million cubic meters by 2023. In 2023, the year-on-year variation was 0.26%, indicating a slight growth from the previous year. Over the last two years prior to 2023, average annual growth stood at approximately 0.98%. The last five years witnessed a compound annual growth rate (CAGR) of 1.59%.
Looking ahead, forecasts from 2024 to 2028 suggest a continued but subdued growth trajectory. By 2028, production is anticipated to reach 65.036 million cubic meters, reflecting a minimal CAGR of 0.2% and a cumulative growth rate of 1.02% over the five-year period.
Future trends to watch for include:
- Influence of environmental regulations on production capacities.
- Technological advancements in forestry and sawnwood processing.
- Market demand fluctuations in domestic and international markets.
- Impact of economic policies on the forestry sector.
