From 2013 to 2023, the wood products market in Italy experienced considerable fluctuation. Starting at €11.21B in 2013, the market declined steadily with minor rebounding periods, notably from 2016 to 2018, eventually falling to €9.36B in 2023—a reduction of about 16%. Year-on-year variations indicate the most significant declines in 2020 and 2021. The CAGR over the past five years (2018-2023) stands at -4.15%, illustrating a steady downtrend.
Looking ahead, the forecasted data from 2024 to 2028 continues this declining trend, with an average annual reduction (CAGR) of -2.4%. This suggests a projected decrease to €8.05B by 2028, marking an 11.45% drop over five years.
Future Trends to Watch:
- Impact of sustainability initiatives influencing the demand for wood products.
- Potential shifts in supply chains due to geopolitical and economic factors.
- Technological advancements in the industry that may alter production processes.
