The forecasted data for wood-based panels production in Switzerland shows a steady decline from 2024 to 2028. The production volume is expected to drop from 483.37 thousand cubic meters in 2024 to 439.38 thousand cubic meters by 2028. Comparing the data to 2023, where the actual production stood at 494.75 thousand cubic meters, the year-on-year variation reveals a consistent downward trend. The reductions in production volumes for 2024, 2025, and the subsequent years represent a decrease of approximately 2.34%, 2.34%, and 2.34% respectively. The compounded annual growth rate (CAGR) from 2023 to 2028 indicates a decline of around 2.34% per year.
Future trends to watch for include potential shifts in demand due to global economic conditions, changes in raw material availability, and evolving sustainability regulations. Innovations in production technology or alternative materials may also impact future production volumes.
