In 2023, the production of veneer sheets in Germany stood at 102.78 thousand cubic meters. The forecasted data from 2024 to 2028 indicates a consistent decline. By 2024, production is expected to decrease by approximately 6.36% year-on-year to 96.23 thousand cubic meters. Further declines of 7.05% in 2025, 7.52% in 2026, 8.03% in 2027, and 8.63% in 2028 are expected, resulting in a five-year CAGR of -7.25%. This indicates a sustained downward trend in production.
Future trends to watch for include:
- Technological advancements in manufacturing processes which may alter production efficiency.
- Changes in demand from key industries such as furniture and construction.
- Environmental regulations impacting raw material availability.