In 2023, Germany led European renewables and biofuels final consumption in the wood and wood products sector with 23.45 thousand tonnes of oil equivalent, followed by Poland with 15.87 and Spain with 7.7. The sector showed a varied year-on-year growth pattern with Germany increasing by 1.87% and Lithuania by 7.67%, while France saw a decline of 4.46%. The CAGR over the last 5 years hints at steady growth across most countries, with notable changes in Ukraine (35.88% increase) and Greece (7.98% increase).
Future trends to watch include:
- Continued investment in renewable energy infrastructure could further influence wood product consumption.
- Policies targeting carbon neutrality and sustainability will likely drive innovation and shifts in key markets.
- Geopolitical factors, coupled with economic recovery post-pandemic, may alter growth trajectories within individual countries.
Top countries in Renewables and Biofuels Final Consumption in Wood and Wood Products Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.45 | 2023 | +1.26% | +1.87% | View data |
| 2 | 2 Poland | 15.87 | 2023 | +4.69% | +6.88% | View data |
| 3 | 3 Spain | 7.7 | 2023 | +1.49% | +0.68% | View data |
| 4 | 4 Latvia | 6.92 | 2023 | +2.72% | +4.57% | View data |
| 5 | 5 Sweden | 6.16 | 2023 | -1.21% | -3.1% | View data |
| 6 | 6 Austria | 5.48 | 2023 | +1.53% | +1.26% | View data |
| 7 | 7 France | 5.34 | 2023 | -3.68% | -4.46% | View data |
| 8 | 8 Finland | 4.19 | 2023 | -0.017% | +1.95% | View data |
| 9 | 9 Belgium | 3.42 | 2023 | +2.68% | +1.58% | View data |
| 10 | 10 Italy | 3.03 | 2023 | +5.14% | +0.45% | View data |
