The Sawmills and Wood Preservation Industry in the US experienced steady growth from 2013 to 2023, with gross output increasing from $27.25 billion to $32.82 billion, representing a cumulative annual growth rate (CAGR) of 1.1% over the last five years up to 2023. The year-on-year growth rates over this period showed variability, with notable fluctuations such as the highest increase of 15.46% in 2013 and a slight decline of 0.68% in 2017. From 2022 to 2023, the industry grew by 1.03%, continuing a general trend of modest increases.
Looking ahead to 2028, the forecasted data suggests that the industry's gross output will reach $34.4 billion, with a forecasted 5-year CAGR of 0.74%. This indicates a continued but slowing growth trajectory, with a total growth rate of 3.77% expected over the next five years.
Future trends to watch for in the Sawmills and Wood Preservation Industry include:
- Advancements in sustainable forestry practices and wood preservation technologies.
- Potential impacts of trade policies and tariffs on raw materials and finished products.
- Shifts in construction demand and housing market dynamics.
- Evolving consumer preferences for eco-friendly and certified wood products.
