The sold production of wood waferboard and similar boards in Spain saw a fluctuating trend from 2016 to 2023, starting at 271.2 million euros in 2016 and falling to 227.09 million euros in 2023. From 2016 to 2021, the industry experienced a general decline with intermittent recovery, notably a sharp increase in 2021 by 31.33%. However, this was followed by significant drops in 2022 and 2023 with year-on-year decreases of 17.65% and 1.12%, respectively. The Compound Annual Growth Rate (CAGR) over the latest five years (2019-2023) shows a moderate decline at an average rate of -2.26% per year.
Looking ahead to the forecast data from 2024 up to 2028, the industry is expected to continue its downward trajectory. The CAGR is projected to be -2.9%, accounting for a total decrease of 13.7% over the five-year period. By 2028, the sold production value is estimated to lessen to 189.32 million euros.
Future trends to watch for include potential impacts of economic cycles, changes in construction and real estate activities, technological advancements in production processes, shifts in consumer preferences towards sustainable and eco-friendly materials, and possible regulatory changes affecting the wood industry.
