The production of wood chips and wood particles in Portugal experienced significant fluctuations over the past 11 years. An initial drop occurred from 2013 to 2014 (-31.75%), followed by modest growth up to 2016. The highest variance was in 2016 with a notable increase (37.85%), but subsequent years showed an overall declining trend, hitting the lowest point in 2021 (-14.39%). From 2021, there was a slight recovery with a modest growth rate up to 2023.
In 2023, production stood at 1.1154 million cubic meters, marking a 12.5% year-on-year increase from 2022. The compounded annual growth rate (CAGR) over the past 5 years (2019-2023) was -2.59%, indicating an overall decline in this period despite the recent uptick.
Future forecasts suggest a steady growth trend, with the volume predicted to reach 1.1906 million cubic meters by 2028. The 5-year CAGR forecast is 1.04%, suggesting a stabilization and modest growth in production after recent fluctuations.
Future trends to watch include:
- Technological advancements improving production efficiency.
- Changes in raw material supply and demand dynamics.
- Environmental regulations impacting production methods.
